I lost $1M in 2021.
Right now, I see people making the same mistakes.
Here are Those 7 mistakes you must avoid👇
1. Fewer coins, better focus
➬ Holding too many altcoins = disaster.
➬ Hard to track updates
➬ Hard to manage exits
➬ Hard to reassess your thesis
Stick to 5-10 solid positions max. Trade others, but don’t marry them.
2. Take profits, don’t hesitate
➬ When the market pumps, secure profits instead of taking screenshots.
If you get a chance to de-risk fast, take it.
3. Leverage is a trap
➬ Institutions push it to liquidate retail traders.
➬ You might win once, but the next loss wipes you out.
It’s a Profitable model for exchanges not for you.
4. Manage position sizes based on risk.
I never put more than 5% of my portfolio into one coin unless I have extreme conviction.
➬ Higher risk coin = smaller size
➬ Lower risk coin = larger size
5. Set exit rules and follow them
➬ Price drops? Don’t pray, react.
➬ Example: “If SOL closes below $X for 2 days, I cut 50%.”
You can always buy back on confirmation
6. FOMO = Financial
➬ Buying coins after they pump because of influencers?
➬ Biggest mistake. Learn to research, not chase.
7. Stop panic selling
➬ As I can see these days, a lot of people are selling off their bags at massive losses.
➬ Markets dip and recover.
If you sell every red candle, you’ll regret it
#lost #AICrashOrComeback #BinaceSquare #Write2Earn #Top1