Why do 90% of new traders in crypto lose their capital? ๐
If youโre currently learning to trade or not able to make consistent profits, then make sure to check these 3 common mistakes:
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1. Not using a Stop-Loss:
The market is never 100% predictable. Opening trades without a stop-loss is like driving a car without brakes. Always decide your risk first.
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2. Buying in FOMO (Fear of Missing Out):
When a coin has already pumped really fast, entering at that moment often turns into a trap. Instead of chasing green candles, wait for a retest or a pullback.
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3. Falling for high leverage:
In futures trading, seeing 20x or 50x leverage can look attractive, but even a 2% move in the opposite direction can liquidate your entire account. Always start with spot trading or keep leverage minimal (2xโ3x).
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๐ก Golden Rule: Making profit comes laterโthe first goal should be preserving your capital in the market.
When you were new to the market, which one of these mistakes did you make the most? Tell us in the comments below! ๐
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