Classic mistakes that lead many people to lose money when trading crypto
One of the most common mistakes is FOMO – buying when the price has already skyrocketed just because of the fear of missing out on the opportunity. This causes many people to 'buy at the peak' and lose direction when the market corrects.
The second mistake is not setting a stop-loss, which leads to account depletion after just a few wrong trades. The crypto market is extremely volatile, so if you don't manage your risks, it won't be long before you 'crash'.
The third is overtrading, entering trades continuously based on emotions rather than a clear plan.
The solution is: always have a strategy, control your mindset, and learn from your own mistakes – instead of letting the market teach you painful lessons.$BTC