Super Deadly! 12 Major Trading Pitfalls That Can Leave You Bankrupt!

Don't let these common mistakes ruin your crypto wealth! Master this concise guide to avoid losses and achieve steady profits:

1️⃣ Crazy Leverage Will Trap You

Playing with leverage over 20x? Very easy to get liquidated!

Smart Play: Keep it at 2-5x, and always set a stop loss.

2️⃣ Emotional Trading Destroys Your Future

Impulsive buying and selling will only lead to losses.

Smart Play: Create a plan, don’t let fear and greed control you.

3️⃣ Weak Security Awareness Equals Death

Clicking fake links and not enabling two-factor authentication = big risk.

Smart Play: Use hardware wallets, enable 2FA, verify sources.

4️⃣ Blindly Following “Experts” = Pitfall

Just because others are making money doesn’t mean you will too.

Smart Play: Conduct independent research, focus on team and project value.

5️⃣ Revenge Trading Creates a Vicious Cycle

Losing and then doubling down will only dig you deeper.

Smart Play: Calmly exit, wait for ideal opportunities.

6️⃣ Trading Without a Plan Equals Death

Entering without a strategy greatly increases the probability of loss.

Smart Play: Rely on technical analysis, operate steadily.

7️⃣ Chasing Highs and Selling Lows Always Results in Loss

Buying at peaks often leads to being trapped.

Smart Play: Patiently wait for pullbacks or lows.

8️⃣ Ignoring Fees Hides Deadly Risks

Frequent small trades quietly eat away at profits.

Smart Play: Calculate fees, penny pinch.

9️⃣ No Risk Management is Gambling

Betting your entire capital on one trade? Disaster!

Smart Play: Keep single trade risk at 1%-3%.

🔟 Not Keeping a Trading Journal Repeats Mistakes

Summarize experiences to avoid repeated failures.

1️⃣1️⃣ Holding On Without Selling Will Only Lead to More Losses

Not all coins are worth holding long-term.

Smart Play: Take profits when targets are achieved.

1️⃣2️⃣ Ignoring Major Events Leads to Market Volatility

News trends sway the market.

Smart Play: Pay attention to policies, hacks, and listings.

Conclusion: Learn to avoid pitfalls, establish rules, and adjust flexibly to survive and thrive in volatility!