#MyCOSTrade
š„ 7 Crypto Trading Mistakes That Can Destroy Your Portfolio š„š
Avoid these costly errors that ruin gains and shake confidence. Whether you're a beginner or a pro, these are the 7 deadly mistakes every trader must dodge šš
1ļøā£ Over-Leveraging
Using 20x+ leverage? One sudden wick can liquidate your position.
š” Smart Tip: Stick to 3xā5x leverage max and always use a stop-loss. ā ļø
2ļøā£ Emotional Trading
Buying from FOMO, selling from fear ā the fast track to loss.
š” Stay Disciplined: Follow your strategy, set alerts, and keep emotions in check. š§
3ļøā£ Weak Security
No 2FA? Clicking random links? You're an easy target.
š” Protect Yourself: Use hardware wallets, enable 2FA, and ignore shady DMs. š
4ļøā£ Blind Copying
Not every influencer has your best interests ā some just pump & dump.
š” DYOR: Research the project, team, tokenomics, and roadmap. š§¾
5ļøā£ Revenge Trading
Lost money and want it back fast? That mindset leads to more losses.
š” Reset: Step away, reflect, and return with a clear plan. š§
6ļøā£ No Strategy
If youāre trading without a plan, youāre gambling.
š” Find Your Edge: Whether it's breakouts, scalping, or trends ā focus and master it. šÆ
7ļøā£ FOMO Entries
If a coinās already mooning, odds are youāre late.
š” Be Patient: Wait for pullbacks. Smart money buys dips. š
Trade smart. Guard your capital. Think long-term. šš
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