5 Major Trading Pitfalls Newbies Must Avoid, 90% of People Trip Right at the Start
Why do novice traders always lose money?
It's not bad luck; it's falling for these "death signals" without realizing it.
Here are 5 red flags that every newbie trader must check before trading. Avoiding them can save you from unnecessary losses:
1. "Guaranteed Profits" = Obvious Scam
The crypto market has no "capital preservation guarantees." Anyone who claims "100% profit" should be treated as a scammer — returns and risks are always proportional, and there’s no such thing as a risk-free opportunity.
2. Emotional Trading = Giving Away Money
FOMO chasing, panic selling — these are the most common mistakes made by beginners. Emotions are the nemesis of trading; replacing thought with impulse will only make your account shrink.
3. Unverified Projects = Stepping on a Landmine
Before buying tokens, check: Is the token listed on reliable exchanges? Is there public information about the project's background, team, and ecosystem? If you can't find information or you've never heard of the platform, don't engage! 90% of these are trap coins.
4. Excessive Leverage = Quick Liquidation
x50, x100 leverage looks exciting, but newbies can't manage it at all. A small fluctuation can lead to liquidation; don’t gamble your entire principal on a "gambling god script." Leverage is a tool for experts, not a benefit for beginners.
5. Poor Security Awareness = Opening the Door for Hackers
Not enabling two-factor authentication (2FA), trading on shady platforms, carelessly storing private keys… These actions are like posting your wallet password online; getting stolen is just a matter of time.
The core of trading is "survival." Don't let the "get-rich-quick myth" cloud your judgment.
Remember these 5 warnings; preserving your capital is more important than anything else — staying alive means you can wait for real opportunities.
If anyone feels lost due to market fluctuations, unsure how to deal with being stuck, or feels misled during operations, feel free to reach out for discussion!
