Painful lessons I learned after losing $2000 in cryptocurrencies (so you don't have to) Hello traders

7 painful lessons I learned after losing $2000 in cryptocurrencies (so you don't have to)

Hello traders and investors! 👋

I'm here to share with you what no YouTuber or influencer told me when I started trading cryptocurrencies. I lost $2000 in the first three months. A significant loss? Yes. But it taught me lessons that could save you a lot.

If you're new (or even an expert) - read this before your next trade.

1️⃣Chasing green candles = guaranteed pain

I bought Bitcoin at $69,000 because "its price would never drop". Guess what? It did drop. Hard.

Lesson: Don't let the fear of missing out creep into the world of green pumps. Smart money buys fear, not noise.

2️⃣Leverage is a double-edged sword

I opened a long position of 20x $ETH because "the breakout looked perfect" - and got liquidated in 5 minutes.

Lesson: Never use high leverage without setting a stop loss. Maximum risk limit 1-2% per trade.

3️⃣ Altcoin gems = hidden landmines