There are 10 deadly traps in cryptocurrency trading, stepping on any one of them could leave you bankrupt:
1. Playing with too much leverage
Using 100x leverage? A single fluctuation can wipe out your account. This is not trading; it's suicide.
2. Mindlessly chasing highs and cutting losses
Seeing a surge and going all in? While you're buying in, the big players are selling off.
3. Not setting a stop-loss line
Losing 10% and not stopping? Waiting to lose 50%? Your account is not a bottomless pit.
4. Trading by luck
Having no trading plan is like driving blindfolded; a crash is just a matter of time.
5. Buying scam altcoins
Those coins you've never heard of could have their team run away with the money tomorrow.
6. Following influencers to trade coins
Internet celebrities calling shots are just there to exploit you; do you really think they are philanthropists?
7. Doubling down when losing
Thinking you can win back your losses in one go? Casinos love customers with this mindset.
8. Not watching the news
A government ban can cause the market to crash; don’t be the last one to know.
9. Storing coins on exchanges
When the exchange decides to run away or freeze assets, your coins are not really yours at all.
10. Going all in
Betting all your money on one coin? This is not investing; it's Russian roulette.
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Today's focus: PNUT ETH INT ETHFI
