5 Fatal Mistakes That Cryptocurrency Traders Often Make

1. Using borrowed funds: Obtaining funds for trading cryptocurrency through loans, borrowing money, or mortgaging houses is inadvisable, as it leads to a hurried mindset and difficulty in calmly assessing future market trends.

2. Overtrading: Newcomers are prone to frequent trading after entering the market during a bull run without an awareness of stop-loss, resulting in significant losses; even experienced traders can be eliminated by excessive short-term trading that clouds their market vision.

3. No stop-loss orders: It is crucial to learn to recognize market outputs when trading cryptocurrency, and setting stop-loss orders is key to safeguarding funds. Trading without stop-loss orders is like driving a car without brakes—dangerous and unpredictable.

4. Not leaving the ability to trade again: The market is fraught with uncertainties, so it’s important to retain the ability to make a comeback. Otherwise, it is very sad to understand the market but have no funds to operate with. In short, cryptocurrency trading is not just a technical battle, but also a war of fund management, trading systems, and overcoming human weaknesses. Do not risk your life savings for investment.