Here are 5 smart ways to reduce your losses in crypto trading:😎
1. Use Stop-Loss Orders
Set stop-loss limits on every trade to automatically sell a coin if it drops to a certain price. This protects you from large unexpected losses.
2. Don’t Trade With Emotions
Fear and greed cause bad decisions. Stick to your strategy and avoid panic selling or FOMO (fear of missing out) buying.
3. Risk Only What You Can Afford to Lose
Never invest money you need for rent, food, or bills. Use only disposable income so you’re not financially crushed by losses.
4. Diversify Your Portfolio
Don’t put all your money into one coin. Spread your investments across different assets to reduce risk if one fails.
5. Stay Informed and Avoid Hype
Follow credible news sources, understand the
projects you invest in, and avoid falling for influencer hype or pump-and-dump schemes.