Many people enter the market hoping to change their lives, but are quickly 'slapped' by the market.
And the first lesson? Buy high, sell low — then repeat. 'Does this sound familiar'?
Not because they are naive. But because they fall into extremely common traps — silently draining accounts every day.
If you find yourself having made mistakes, don’t worry. There is still a way back. But first, stop those 'wallet-burning' mistakes below:
⚠️ 3 Common Mistakes That Can Leave You Broke
❗️Chasing Quick Profits (Day Trading)
Constant trading, making profits every minute. Sounds appealing. But in reality?
Tremendous pressure. A wrong decision just a few seconds late can cost you money.
Constant emotional ups and downs make you sell early when you should hold, and hold when you should cut.
Result: red covers the board.
❗️Use Money You Can Afford to Lose
Are you using rent money, tuition money, or living expenses to invest?
Deadly mistake. Because you are no longer investing — you are gambling.
The more you need money, the more you fear. Every downturn turns into a panic.
And fear is the number one killer of profits.
❗️Overconfident in Leverage
Leverage makes you feel like a 'big boss'. But one wrong order can wipe out your account.
This is not a skill — it’s luck. And in crypto, luck doesn’t last.
You can't read the future — don't try to guess. Don't borrow to gamble.
☘️ So what should you do to compete in the long run?
👉 Long-term Thinking
Don't look at the chart every minute, look at the bigger picture by month, by year.
The market goes up and down — but time always favors the patient.
👉 Use Safe Capital
Only invest money you are willing to 'forget' for a few months or years.
No pressure, no fear. And you will make wise decisions.
👉 Clearly Understand What You Are Buying
Don't buy because you 'heard people say'.
Understand the project you invest in: team, goals, risks, real-world applications.
👉 Red is Normal
The market doesn't move in a straight line. The drop is when trust is tested.
Good projects will recover. Panic sellers will sell at the bottom.
👉 Don't Follow the Crowd
If everyone is shouting 'GO IN!', it might be too late.
Those who make money are often silent and patient. Victory comes from strategy — not excitement.
🍀 In summary:
Crypto is not for the hasty.
The faster you dive in, the more you lose.
Slow but steady. Stay alert. Be calculated.
Stop dreaming of getting rich overnight — start learning how to play to survive.
