#TradingMistakes101
Why do most people lose their money??
To simplify, here are some points:
The recovery is harder than you think:
If the price of a token drops by 10%, it needs to rise by 11% to break even.
If it drops by 50%, it needs to rise by 100% (i.e., double your capital).
If it drops by 90%, it needs to rise by 900% to return to the starting point.
This is why buying every dip (known as dollar-cost averaging) thoughtlessly can be risky.
Don't trust the noise:
Influencers say, "Buy the dips!" when prices are crashing.
Then they say to hold on tight! when prices rise.
But what? They often sell when you're about to break even.
Big investors sell to those who buy out of fear.
How to profit:
Look at gains from the lowest price, not from the highest price.
Don't keep buying unless you have a clear plan.
Take profits early - big recoveries like 900% are very rare.