#SouthKoreaCryptoPolicy Below are the most common mistakes, especially easy to encounter with crypto traders:
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🚨 1. Poor risk management
• Overtrading (overleveraged), putting the entire account into one trade.
• Not setting stop loss or setting SL too wide.
• Using high leverage without a backup plan.
Consequences: Account burnout after just a few wrong trades, heavy mindset, easy to revenge trade.
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😵 2. Trading based on emotions, not following a plan
• FOMO at a time when prices have risen sharply.
• FUD panic selling when the market is in a downturn.
• Trading out of boredom, without clear signals.