Do you want profitable trades? Then let's be realistic - let's analyze the main mistakes and how to fix them.
4 fatal mistakes of a crypto trader
1. Trading without a plan
- You enter trades based on emotions
- No clear rules: where to enter, where to exit
- Result: random profits and systematic losses
How to fix:
✅ Create a trading checklist before each trade
2. Ignoring the trend
- You try to catch reversals without confirmation
- Shorting a rising market, buying a falling one
- The trend is your best friend. Don’t argue with it.
How to fix:
✅ Determine the trend using moving averages or market structure
3. Incorrect risk management
- You invest too much in one deal
- You don’t use stop-losses
- One mistake - and the deposit is wiped out
How to fix:
✅ Risk no more than 1-2% of your deposit on a trade
4. Lack of error analysis
- After losses, you simply replenish your deposit
- You don’t analyze why the trade didn’t work
- You repeat the same mistakes
How to fix:
✅ Keep a trader's diary and analyze each trade
💡 How to start trading correctly?
1. Choose one strategy
- Trend trading
- Scalping
- Swing trading
Focus on one thing
2. Set the rules
- Conditions for entry
- Position size
- Exit points (stop-loss and take-profit)
3. Test on history
- Check if the strategy would have worked in the past
- Optimize parameters
4. Trade on a demo account
- Hone your skills without risk
- Automate the execution of rules
5. Switch to real money
- Start with small volumes
- Gradually increase your bets only when stable
🔚 Conclusion
The crypto market is not a casino. Here, winners are those who:
✔️ Trades according to plan
✔️ Controls risks
✔️ Constantly learns
Ready to change your approach? Then let's go - towards profitable trades! 🚀