#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 must rise by 11% to reach the breakeven point.
If it drops by 50%, it must rise by 100% (i.e., double your capital).
If it drops by 90%, it must 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 crash.
Then they say 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.
Do not keep buying unless you have a clear plan.
Take profits early - big recoveries like 900% are very rare.