#TradingStrategyMistakes Now that the market is booming, many people decide to invest to not miss a chance to gain massive profits (FOMO). And that’s where the danger lies! One should invest money when the market is cold and take profits when the market is hot. The greater the growth of a coin in a short period of time, the higher the chance that it has already peaked or is heading for a strong correction... And the greater the chance of losing a lot of money or being stuck in a coin at a very high price for a long time waiting for it to recover... Now is not the time to invest in the Spot market, and if you do decide to invest anyway, invest in a smart way. How? By buying during corrections and having a margin. What is the margin? It's having money saved, not investing everything, investing a little, so that if the price drops, you can buy more to improve your average price... The larger the margin you have, the safer you are with price fluctuations. So... if you buy on 3 dips and the price drops again, you have money to buy more coins on other dips and improve your initial position (average price). Does margin reduce your profits? Yes... However, it also reduces your risk. And the mistake of a large part of people in crypto is not knowing how to manage risk. The greater your ambition, the higher the chances of incurring a loss by acting on emotion.
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