【Newbie Must Read】The 5 Deadly Mistakes in the Crypto World, 90% of Losses are Due to This!

Lessons Learned by Big G with Real Money: Newbies who just entered the crypto world are doomed to lose money if they fall into these 5 traps! Recently, Bitcoin has been fluctuating wildly, and altcoins have collectively plunged; how many people faced liquidation overnight? Reading this article can save your wallet.

Replacing Plans with Feelings

Seeing group friends sharing profits and blindly following? Greedy when it goes up and holding on when it goes down? This is gambling, not trading! The correct approach: Write down before each operation what price to buy? How much to sell when it rises? How much to cut when it falls?

Using Leverage as an ATM

Thinking of using 10x leverage to turn 1,000 into 10,000? Look at how many people got wrecked when TRB dropped 40% in half an hour recently! Suggestion: Newbies should start with 1-2x leverage to test the waters, with a maximum loss of 2% of the principal per trade (for 100,000 principal, the maximum loss in one trade is 2,000).

Emotions Captured by Candlesticks

FOMO chasing highs when it rises, panicking and cutting losses when it falls? Remember: the market makers love to hunt inexperienced newbies! Solution: Use grid trading to place orders (for example, set BTC to automatically buy/sell in the range of 105,000-107,000), and forget about watching the market to stay calm.

Never Reviewing Records

Only blaming market makers for losses? Smart people are doing this: create an Excel sheet to record every trade (time/currency/buy/sell reason/profit/loss), and after three months, you'll see which mistakes you keep repeating.

Wanting to Get Rich Overnight

Those bloggers promoting hundredfold coins have already secretly sold out! The real secret to guaranteed profits: regular monthly investments in BTC/ETH, picking up cheap chips in a bear market, and selling in batches during a bull market. The recent approval of Ethereum ETFs is the best example; those who held on patiently have reaped big rewards.

Big G's Heartfelt Words: The most valuable thing in the crypto world is experience, and the most dangerous is greed. Treat every trade as an exam; take it slow and steady to ultimately come out on top.