10 COMMON MISTAKES WHEN TRADING CRYPTO

Serious warning for new & old investors

1. Leveraging Abuse

High leverage = high risk. A sudden candle can wipe out your account.

→ Use a maximum of 5x and always set a stop-loss.

2. Trading by Emotion

FOMO and panic are the most dangerous enemies.

→ Stick to your planned strategy, not emotions.

3. Neglecting Security

Hackers don't need a warning beforehand.

→ Use cold wallets, enable 2FA, carefully protect your seed phrase.

4. Blindly Copying Trades

Trading based on advice without understanding anything is an unsafe action.

→ DYOR: Do your own thorough research on the project, team, and tokenomics.

5. Trading for Revenge

Wanting to recover losses quickly often leads to even greater losses.

→ Stop, regain your composure, then return to the market.

6. No Trading Plan

No strategy = no direction.

→ Make a clear plan: entry point, exit point, risk ratio.

7. FOMO when prices have already pumped

Entering trades when everyone has already bought can easily make you the last one in.

→ Wait for a correction or clearer signals.

8. No Risk Management

Putting all your capital into one trade = unnecessary risk.

→ Risk per trade should be limited to 1–2% of your portfolio.

9. Following Green Candles Without Analysis

A bullish candle is not a solid buy signal.

→ Need additional confirmation: volume, technical patterns.

10. Refusing to Cut Losses

“I'm sure it will recover” is the most dangerous saying.

→ Always have an exit plan – and stick to it.

CONCLUSION:

Effective trading requires knowledge, strategy, and discipline.

The market will reward those who know how to control themselves before controlling profits.

#CryptoMindset #TradeSmarter #ManageRisk #CryptoDiscipline #LearnBeforeEarn