The market is falling? Don't be afraid — be prepared
Dear traders,
I hope you are well and safe. Yes, the market dropped sharply yesterday. But this is not the first time, and it won't be the last. In cryptocurrency, prices are constantly fluctuating. The most important thing is to stay calm and think clearly.
I have been trading for many years. There have been many market crashes and many strong recoveries. It's part of the journey. Real traders do not panic. They follow the plan and learn from every movement.
Common mistakes most people make
Here are the biggest mistakes people make during a market downturn:
1. Selling quickly out of fear when the price is low
2. Buying coins after they have already risen significantly
3. Trading too frequently without any plan
4. Not setting a stop-loss to protect your money
5. Allowing emotions to control your trades
6. Ignoring the trend and trading against it
7. Blindly following others without checking the chart
8. Trying to recover losses by rushing into new trades
9. Using high leverage without risk management
10. Not taking time to learn before trading