Avoid these common pitfalls before they sabotage your portfolio:
1️⃣ Excessive Leverage
Using 20x–50x leverage? One volatile move and you’re wiped out.
Pro Tip: Keep leverage conservative (2x–5x) and always use a stop-loss.
2️⃣ Trading on Emotion
Chasing green candles or panic selling in red? Emotional trades are costly.
Pro Tip: Stick to a clear trading plan—use alerts, not feelings, to make decisions.
3️⃣ Poor Security Practices
A single phishing link can empty your wallet.
Pro Tip: Use a hardware wallet, enable 2FA, and never click suspicious links.
4️⃣ Copying Without Research
Blindly following influencers? You might end up holding worthless tokens.
Pro Tip: Do your homework—analyze the project’s fundamentals, team, and real-world utility.
5️⃣ Revenge Trading
Trying to recover losses with impulsive trades rarely ends well.
Pro Tip: Step back, clear your mind, and trade only when focused and rational.
6️⃣ Lack of Strategy
Random trades are gambling, not investing.
Pro Tip: Use tested strategies like breakout, swing, or range trading—and stick to them.
7️⃣ FOMO Buying
If it’s trending on Twitter, you’re probably late to the party.
Pro Tip: Wait for the hype to cool down—timing your entry is key.
Save this checklist, trade with discipline, and protect your capital like a pro.