When you just follow the hype without knowing where to sell, you risk facing losses—sometimes even big ones. We've all seen what happened with Melania Coin and Trump Coin. If you're trading based on events or news, you should have a clear exit strategy before entering the market. Always plan your exit or set a stop loss in advance.
Many traders hold their positions too long, ending up in losses, or worse, getting liquidated. I went long on Trump Coin when it crossed 40, with a target of 52. Once my TP (Take Profit) was hit, I didn’t go back for another trade because the hype was too intense. That’s exactly why I avoided a second trade—I knew the risks of greed. We all need to learn how to control it.