💸 I have made each of these mistakes personally. Some of them cost me real estate. Learn from my rake, not your own!
🚨 Top deadly crypto trader mistakes:
- FOMO trading - bought at the peaks of the HYIP. Result: losses. Wait for a correction EVERYWHERE
- Lack of stop-losses - "I'll sit out" turned into -80%. Now I put SL before entering a position
- Averaging of losing positions - added to falling alts. One LUNA ate half a year of profit
- Trading on credit/last money - emotions kill logic. Trade with free money only
- Ignoring news - SEC, bans, hacks. Fundamentals are sometimes even stronger than techanalysis in crypto
Overtrading - made 20+ trades a day. Commissions ate up all profits. It's better to do less, but more accurate
- Following "gurus" from social networks - 95% of signals are unprofitable. Trust only your own analysis
- Greed on take-profits - "just a little more" turned out to be a complete drain of the position.
Remember: only paranoid people with iron discipline survive in the crypto market!
