Tobi - Block24
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17 ways to lose money in crypto? 🧐
How many "diseases" are you affected by below ↓
1. Overtrading
2. Making profits and starting to take more risks (taking profits to play with shitcoins)
3. Not adapting & adjusting trading style according to market changes
4. Not calculating reasonable position size when entering trades
5. Lacking a profit-taking system
6. Only investing in altcoins while ignoring $BTC, recklessly all-in on altcoins without keeping stablecoin as a backup
7. Opening too many positions at the same time
8. Buying at resistance levels and selling at support levels
9. Borrowing confidence from others, lacking personal assessment & understanding of the coin being purchased
10. Setting unrealistic profit targets, having overly high expectations
11. Doing the same thing and expecting different results
12. Getting emotional due to losses and hastily entering trades to recover
13. Comparing personal profits with others
14. Being influenced by psychological factors based on price action, easily swayed leading to wrong decisions
15. Entering trades without an advantage, poor entry, low RR
16. Overly trusting technical analysis & ignoring fundamental factors
17. FOMO buying at high prices & panic selling when the market dumps hard.
cre: @DeFiMinty
How many "diseases" are you affected by below ↓
1. Overtrading
2. Making profits and starting to take more risks (taking profits to play with shitcoins)
3. Not adapting & adjusting trading style according to market changes
4. Not calculating reasonable position size when entering trades
5. Lacking a profit-taking system
6. Only investing in altcoins while ignoring $BTC, recklessly all-in on altcoins without keeping stablecoin as a backup
7. Opening too many positions at the same time
8. Buying at resistance levels and selling at support levels
9. Borrowing confidence from others, lacking personal assessment & understanding of the coin being purchased
10. Setting unrealistic profit targets, having overly high expectations
11. Doing the same thing and expecting different results
12. Getting emotional due to losses and hastily entering trades to recover
13. Comparing personal profits with others
14. Being influenced by psychological factors based on price action, easily swayed leading to wrong decisions
15. Entering trades without an advantage, poor entry, low RR
16. Overly trusting technical analysis & ignoring fundamental factors
17. FOMO buying at high prices & panic selling when the market dumps hard.
cre: @DeFiMinty
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