And how to avoid having your account 'disappear' as fast as you turn off the alarm!
Have you ever thought: 'Buy low, sell high, but why am I still in the red?'
The answer lies in these 3 extreme 'fail' phases.
🤣 1. Day trading
In and out like a guy going to the bar every weekend, money flies away before you can blink.
'Professional trader' in dreams, 'burned account' in reality.
💸 2. Use money for food, rent money
Using survival money to trade, always worried about 'cutting losses' like losing your wallet at the supermarket.
'Living for today' can lead to 'empty pockets' tomorrow.
💥 3. The sacred leverage
Using leverage is like using a double-edged sword, thinking you're Iron Man, but turning out to be Iron Man who breaks easily.
'Double profits' or 'multiple losses' is what it’s about.
HOW TO AVOID BURNING YOUR ACCOUNT?
Grandma's investment style: slow but steady, don't rush.
Idle money, not 'hungry' money.
Research thoroughly before 'putting down the money'.
When the market is red, breathe evenly, don’t rush to 'cut losses'.
Prices skyrocketing? Stay calm, don’t chase FOMO.
Crypto is not for the impatient!
Want to get rich quickly? Buying lottery tickets still gives hope.
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