THE TRADING ERRORS THAT ARE KILLING YOUR CRYPTO PORTFOLIO.☠️📈
Avoid these deadly mistakes that will ruin profits, especially in bear markets;
1️⃣ Investing out of FOMO (fear of missing out): Buying just because a cryptocurrency is trendy can lead to significant losses.
2️⃣ Not having a clear strategy: Trading without a defined plan is like playing roulette, which increases the risk of losses.
3️⃣ Ignoring risk management: Not setting stop-loss limits can make a bad trade wipe out your capital.
4️⃣ Overexposure: Betting all your money on a single cryptocurrency without diversifying is extremely risky.
5️⃣ Falling for scams and frauds: Not properly researching projects can lead you to lose money in fraudulent schemes.
6️⃣ Emotional trading: Making impulsive decisions, like selling in panic or buying out of euphoria, often ends in losses.
7️⃣ Neglecting security: Failing to protect your assets with measures like two-factor authentication and secure storage can make you vulnerable to hacks.
