Be careful, newbies in the cryptocurrency world! Don't make these 5 mistakes in trading
If newbies in the cryptocurrency world step on the following trading "minefields", they will probably have to leave the market soon. However, it is normal for novices to make mistakes. The key is to correct them in time, otherwise the exit speed will catch you off guard.
Mistake 1: Entering the market without knowing anything
Did you see a tweet, a hype video, or someone showing off that they turned $100 into $10,000, and you didn't learn any plans or knowledge and just plunged into the market? This is not trading, it's clearly gambling. The market is specialized in treating all kinds of "gambler mentality". If you do this, you will be subdued by the market in minutes.
Mistake 2: Trading with small change
Some people trade with the money they spend on snacks, taking the bus, or the little money left in their wallets after the weekend. This attitude is wrong. Trading should be treated as a serious business. If you don't take it seriously, the market will not give you good results. Don't expect to "get rich overnight" in the cryptocurrency world with this little money. That's just wishful thinking.
Mistake 3: Want to get rich in a week
Did you start daydreaming when you saw someone posting a screenshot of their $400,000 profit and loss, thinking that you could double your assets overnight? Sustained profits depend on time, patience, and accumulated losses. There is no shortcut. Stop dreaming, be down-to-earth and take one step at a time.
Mistake 4: Blindly follow the trend
When you see someone say "100x long WIF now", you just buy it without asking anything. This is a common reason for novice liquidation. Others making money does not mean you can, you have to have your own trading ideas, you can't rely on luck in the currency circle, otherwise you will fall sooner or later.
Mistake 5: Give up after one loss
You lose money, maybe the first $50 is gone, and you start complaining that "the market is manipulated" and "cryptocurrency is a scam." In fact, you entered the market without being prepared and expected a miracle. One loss is nothing, the key is to learn from it, don't give up when you encounter setbacks.
Opportunities are fleeting, and callbacks are imminent. Buy the bottom and layout the spot. The huge profits of altcoins are waiting for you! Doubling is not a dream. Click the avatar to follow me and join the bull market feast! #巨鲸JamesWynn动态 #美国加征关税 #币安Alpha上新
