7 Painful Lessons I Learned After Losing $2000 in Cryptocurrency (So You Don't Have To) Hello Traders
7 Painful Lessons I Learned After Losing $2000 in Cryptocurrency (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 cryptocurrency. I lost $2000 in the first three months. A significant loss? Yes. But it gave me lessons that could save you a lot.
If you're new (or even an expert) - read this before your next trade.
1️⃣ Chasing Green Candles = Guaranteed Pain
I bought Bitcoin at $69,000 because "its price will never drop." Guess what? It did drop. Tough.
Lesson: Don't let the fear of missing out creep into the world of green pumps. Smart money buys fear, not hype.
2️⃣ Leverage is a Double-Edged Sword
I opened a long position with 20x leverage because "the breakout looked perfect" - and got liquidated in 5 minutes.
Lesson: Never use high leverage without setting a stop loss. Maximum risk is 1-2% per trade.
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