I recommend beginners to avoid futures until you have a very comfortable confidence in spot trading first. Learn while your money is invested and waiting to build up.
Trade Eagle
--
7 CRYPTO TRADING MISTAKES THAT KILL YOURS PROFITS .
1️⃣ **Over-Leveraging** - **Why it kills:** Using 20x or 50x leverage might feel powerful, but even a 1-2% move against you wipes your account. - **Tip:** Stick to 2x–5x *max* if you're new, and always use stop-losses.
2️⃣ **Emotional Trading** - **Why it kills:** Emotional traders buy tops (FOMO) and sell bottoms (panic). - **Tip:** Pre-plan trades and stick to your rules. Use alerts, not adrenaline. - **Pro Move:** Journal your trades to spot emotional patterns over time.
--3️⃣ **Ignoring Security** - **Why it kills:** One phishing attack, fake app, or shady DEX and your funds vanish. - **Tip:** Use hardware wallets, 2FA, and avoid clicking random Telegram/Discord links. - **Pro Move:** Spread funds across multiple wallets and never keep large amounts on exchanges.
---
4️⃣ **Skipping Research** - **Why it kills:** Copy-trading influencers or buying random coins leads to bags no one wants. - **Tip:** Study fundamentals (tokenomics, team, roadmap), community strength, and real use cases. - **Pro Move:** Use tools like Messari, TokenUnlocks, or DeFiLlama to DYOR like a pro.
---
5️⃣ Chasing Losses - **Why it kills:** Going all-in after a bad trade is like doubling down in a casino. - **Tip:** Take a break after a loss. Reassess, reset, and don’t let ego drive your next move.
6️⃣ **Trading Without a Strategy - **Why it kills:** Random buying and selling is gambling, not trading. - **Tip:** Develop a strategy (e.g., breakout, range, scalp, swing) and stick to it. - **Pro Move:** Backtest your strategy and track performance over time to refine it.
7️⃣ FOMO - **Why it kills:** By the time Twitter’s hyped, whales are already dumping. - **Tip:** Let the FOMO pass. Great entries always come with patience. -Pro Move:Enter before the hype or wait for post-pump corrections.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.