Crypto trading is a brutal teacher, it doesn’t just test your strategy; it tests your emotions. Here are the mistakes that cost me real money (and how I fixed them):
1️⃣ FOMO’ing Into Pumps
Mistake: Buying SHIB at its ATH because "everyone’s getting rich."
Lesson: If it’s already +300% in a week, you’re late. Wait for the dip.
Fix: Now I set limit orders below market price - no impulsive buys.
2️⃣ Ignoring Stop-Losses in "HODL Culture"
Mistake: Watching my SOL bag drop 70% because "it’ll recover."
Lesson: Hope isn’t a strategy. Even Bitcoin crashed 80% multiple times.
Fix: Hard stop-loss at -15% - no debates.
3️⃣ Overestimating "Insider Tips"
Mistake: Airdrop farming scams, Telegram "alpha groups," and buying random coins because a CT influencer shilled it.
Lesson: If it sounds too good to be true, it’s a scam or a trap.
Fix: Always DYOR or stick to BTC/ETH.
4️⃣ Trading on Emotion After a Loss
Mistake: Revenge-trading memecoins with 10x leverage to "make it back fast."
Lesson: The market doesn’t care about your feelings.
Fix: 24-hour cooldown rule after a big loss.
What Saved My Crypto Trading Career:
✅ A Trading Journal: tracking every bad decision forced me to improve.
✅ DCA-ing into blue-chips: BTC or ETH won’t make you rich overnight, but they won’t rug you.
✅ Following Smart Money: on-chain data > Twitter hype.