Huge losses!

1. Buying any currency without understanding

Sees a currency soaring 20% in an hour and jumps in to buy it without knowing its project or the reason for its rise.

The result? Buys at the peak, and it drops immediately.

My advice: Only buy when you understand the project, its goals, and the right time to enter.

2. Not using stop loss

Afraid to set his loss limit, thinking it might go up, so he just watches his portfolio collapse.

This is very dangerous.

Advice: Determine from the start how much you are willing to lose, and don’t leave the trade open just out of hope.

3. Investing all his capital at once

Puts all the money in one currency or at the same time, without diversification or risk management.

If he loses? He loses everything.

The right approach? Divide your capital into stages or different currencies, and don’t put all your eggs in one basket.

Binance is a powerful platform, but dealing with it superficially can destroy your portfolio.

Start learning, and make your goal to stay in the market, not just to make quick profits.

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$ #PEPE #Dogecoin‬⁩