#TradingStrategyMistakes
#TradingStrategyMistakes #CryptoTips #BinanceSquareBTC
If you're trading crypto, you’ve probably made a few mistakes along the way—we all have. But the key is to learn from them. Here are 5 common mistakes many traders make, and how to avoid them:
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1. 🚀 Chasing the Pump
Buying after a coin shoots up quickly can backfire. Most times, it's already too late.
> Tip: Wait for a small dip or use charts to see if the uptrend is still strong.
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2. 💸 No Risk Management
If you’re trading without a stop-loss or risking too much money, you could lose big.
> Tip: Always set a stop-loss and don’t risk more than 1–2% of your total funds on one trade.