You may win a few trades, but if you make the following mistakes, your account will quickly "evaporate". Read carefully and check if you are making any of these.
1️⃣ Over-Leveraging
Are you using 20x, 50x just to "get quick profits"? A small fluctuation can wipe out your entire account!
💡 Tip: Only use leverage below 5x, and always set stop-loss to protect your capital.
2️⃣ Emotional Trading
FOMO when you see prices rising? Panic when prices drop?
💡 Tip: Trade based on a clear plan and strategy, not emotions. Use price alerts to manage your actions.
3️⃣ Ignoring Security
A click on a strange link = losing your entire wallet.
💡 Tip: Activate 2FA, use hardware wallets, and double-check website addresses before logging in.
4️⃣ Skipping Research
Just because you see an influencer posting about coin X, do you buy immediately?
💡 Tip: Always do your own research (DYOR): check project goals, tokenomics, roadmap, team, partners,...
5️⃣ Chasing Losses
Lost and then doubled down to recover? The more you bet, the more you lose.
💡 Tip: Stop, take a break. Come back when your mind is clear to analyze the trading system again.
6️⃣ No Strategy
Buying and selling randomly, without entry or exit points? You're "gambling" not trading.
💡 Tip: Apply proven strategies like breakout, support/resistance, RSI,...
7️⃣ FOMO When the Market is Hot
If a coin is going viral all over social media, you might already be too late.
💡 Tip: Wait for price corrections (retracement) and look for reasonable entry points with lower risk.
8️⃣ Ignoring Risk Management
Pouring all your capital into a single trade? Just one mistake can wipe you out!
💡 Tip: Only risk 1–2% of your capital on each trade. Surviving gives you a chance to recover.
9️⃣ Not Tracking Trades
Not tracking orders = not knowing why you win or lose.
💡 Tip: Keep a trading journal: reasons for entering trades, entry/exit points, stop-loss, results.
🔟 Overtrading
More orders don't necessarily mean more profits.
💡 Tip: Focus on quality setups. Less is better than chaos.
1️⃣1️⃣ Not Understanding Market Structure
Not recognizing trends or reversal zones?
💡 Tip: Learn to analyze market structure: higher highs/lower lows, supply/demand zones, main trends,...
1️⃣2️⃣ Ignoring News & Events
Token unlocking soon, FOMC and you don’t know? Very easy to get hit by price shocks.
💡 Tip: Stay updated with news regularly. Note important event schedules, airdrops, unlocks, CPI,...
1️⃣3️⃣ Trading Without Confirmation
See a green candle and jump in to buy immediately?
💡 Tip: Wait for confirmation signals like: high volume, retest price levels, candles closing on higher time frames.
1️⃣4️⃣ Holding Bags Too Long
"Blind faith" causing you to hold onto losing coins up to 90%?
💡 Tip: Cut losses early if the uptrend structure is lost. Don't marry coins – just date them!
✅ SUMMARY
Crypto trading is not a game of chance. It's a game of strategy, discipline, and emotional control. Avoiding these 14 mistakes gets you halfway to sustainable profits.