💣 Classic mistakes that cause many people to lose money when trading crypto
One of the most common mistakes is FOMO – buying when the price has already surged just out of fear of missing the opportunity. This leads many people to 'chase the peak' and lose direction when the market corrects.
The second mistake is not setting a stop-loss, which results in account depletion after just a few wrong trades. The crypto market is extremely volatile, so if you don’t manage risk, sooner or later you will be in trouble.
The third is trading too much, entering trades continuously based on emotions rather than following a clear plan.
The solution is: always have a strategy, manage your psychology, and learn from your own mistakes – instead of letting the market teach you painful lessons.
