Here’s what you should never do if you want to survive and succeed in the cryptocurrency market:
1. ❌ Never trade without a plan
Entering trades without a clear plan is gambling, not trading.
🔹 Why is this dangerous:
In the absence of a preplanned entry, exit, and stop loss, emotions like greed and fear take control of your decisions, leading to costly behaviors.
🔹 Professional advice:
Before executing any trade, answer the following questions:
At what price will I enter?
Where will the stop loss be?
What is the profit target?
How much do I risk versus how much can I gain (risk-to-reward ratio)?
👉 Stick to the plan — do not trade based on your emotions.
2. ❌ Never risk more than you can afford to lose
Overleveraging or overinvesting is the fastest way to lose capital.
🔹 Why is this dangerous:
Cryptocurrencies are highly volatile by nature. Risking a significant portion of capital on a single trade can lead to massive losses in an instant.
🔹 Professional advice:
Risk only 1%-2% of your capital on each trade.
Ask yourself before each trade: "If I lose this trade, will I remain financially and mentally stable?"
👉 Preserving capital is the priority — profits come later.
3. ❌ Never chase the wave out of fear of missing out (FOMO)
Buying currencies after sharp rises just because everyone is doing it often leads to losses.
🔹 Why is this dangerous:
Prices are usually at their highest when fear of missing out peaks. You end up buying the top and selling the bottom after the correction.
🔹 Professional advice:
If you miss the opportunity, move on.
Be patient and wait for the next setup — opportunities in crypto do not run out.
👉 Success in trading is based on discipline, not on chasing noise.
4. ❌ Never ignore risk management
Ignoring the stop loss or adding to losing positions usually leads to catastrophic losses.
🔹 Why is this dangerous:
Cryptocurrencies can drop by 70%, 80%, or even 99% suddenly and without warning.
🔹 Professional advice:
Set the stop loss before entering the trade.
If the stop loss is triggered, exit without hesitation.
👉 Protect your capital first and foremost.
5. ❌ Never trade based on emotions
Revenge trading (trying to recover losses quickly) or selling out of panic often leads to bad decisions and larger losses.
🔹 Why is this dangerous:
Emotions cloud the mind and lead to impulsive actions.
🔹 Professional advice:
Take a break after a significant loss or a big win.
Reset your emotions before returning to trade.
Think neutrally: no fear, no greed — just execute the plan.
👉 Trading is a mental game — the emotional trader is always a loser.
6. ❌ Never stop learning
Assuming you know everything is the beginning of the end.
🔹 Why is this dangerous:
Markets are always evolving. New strategies, techniques, and risks continuously emerge.
🔹 Professional advice:
Continue studying market behavior, trading psychology, and technical and fundamental analysis.
Learn from winning and losing trades — every trade carries a lesson.
👉 In crypto, those who stop learning fall behind quickly.
🛡 The golden summary:
-Amateurs focus on profit. Professionals focus on risk.
-The best traders are not those who win the most in a bull market, but those who survive during crashes, preserve capital, and execute their plans diligently — day after day.
-Remember: the difference between a professional and an amateur often lies in one thing — knowing what not to do.
-"In markets, those who know when not to act win more than those who know when to act."
— Wisdom of professional traders