#TradingMistakes101 Not every gain is a gain... and not every loss is a loss

I am like many of you... When I first entered the market, I felt a great deal of optimism seeing people making incredible profits, and the videos, articles, and tweets telling you to buy this coin now. It will make 1000% soon, honestly… at first, I believed it and fell into that trap more than once😅

There are no easy profits in the market

The first money I invested was in a coin called Doge, which is a meme coin, and I currently do not recommend investing in this type of coin at all. Back then, its price soared for two days, and I thought, 'Oh, it's at 0.4, it's now at 0.48.' It was two days, and I thought it would reach a dollar. This is backed by Elon Musk and some big players... I thought I became a strong trader after a week... then 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 even faster.

Spot trading is the safest way

Here you are actually buying the coin… in your wallet… if the market drops, you can wait on it. There is no leverage, no loans, no usury… your capital is with you. If you are a beginner, build your account on spot trading... this will protect your money.

Greed is your number one enemy

Once, a friend saw a coin soaring by 70% or more in a day, the TRUMP coin, and he got in late thinking it would keep rising. 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

Learn and don’t rush

Every day, I learn