Address: Why do 95% of people lose their money in cryptocurrencies? 3 mistakes that can wipe out your account!

Hello, cryptocurrency friends!

Every new trader dreams of the same thing - "I'll invest $100 today, and I'll earn $1000 tomorrow!" But research shows that 95% of people lose their money. Why?

Because they come with an understanding of the plan, not to learn the skills. Today I will tell you about 3 big mistakes you can avoid to be among the 5% who make profits.

Point #1: Buying out of fear of missing out (FOMO) 🔥

You saw a coin (like $PEPE) suddenly rise by 200%. There's a voice in your heart saying, "I’m missing the train!" And you invest all your money in that coin that was already at its peak. Then the market crashes and you're stuck.

Solution: What has already risen was not meant for you. Always rely on your analysis (DYOR) to enter, not on what others say.

Point #2: Trading for revenge (revenge trading) 😡

You lost on a trade. Now, in anger, you quickly take another big trade to make up for that loss, without thinking. This "revenge trading" is the quickest way to wipe out your account.

Solution: Loss is part of trading. When you lose, close the laptop, go out for a walk, and come back after your mind has cooled down.

Point #3: Lack of risk management 💰

You started trading with $500 and invested all $500 in one coin, in one trade, without setting a stop loss.