#SouthKoreaCryptoPolicy
#TradingMistakes101
The market has no easy profits
The first money I invested, I bought a coin which was Doge, and this is a meme coin, and I currently do not recommend investing in this type of currency at all. At that time, its price skyrocketed for two days, and I thought I was smart at 0.4; it became 0.48 in two days, and it was going to reach a dollar. This is supported by Elon Musk and strong people… I thought I became a great trader after a week… the price dropped by half, and I understood that there is no such thing as guaranteed profits, and if the market rises quickly… it can drop faster.
Spot trading is the safest way
Here you actually buy the coin… in your wallet… if the market drops, you can hold onto it. There’s no leverage, no loans, no usury… your capital is with you. If you're a beginner, build your account on spot trading... this is what will protect your money.
Greed is your number one enemy
Once a friend saw a coin soaring 70% or more in one day, the TRUMP coin, and he entered late thinking it would continue to rise. But it dropped dramatically afterward, and he lost a significant part of the trade.
The market rewards those who have patience… and laughs at the greedy.
Work with your mind, not with your emotions
Stick to your plan… not to what people say