4 Mistakes I Made as a New Trader (And How to Avoid Them) 🚨
My journey into crypto wasn't smooth. I went from being a beginner with a few thousand dollars to almost getting liquidated multiple times. These are the 5 painful lessons I learned the hard way so you don't have to.
1. Ignoring Risk Management
* The Mistake: I saw a coin pump 50% in a day and thought I could jump in for a quick win. I put my entire portfolio on it without a stop-loss.
* The Lesson: Never risk more than 1-2% of your total capital on a single trade. If you lose, it's a small hit. If you win, you can scale up.
2. Trading with Emotion
* The Mistake: FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt) ruled my decisions. I'd buy at the top because of hype and sell at the bottom out of panic.
* The Lesson: Have a trading plan and stick to it. Don't let a green or red candle trigger a spontaneous move. Trading is a marathon, not a sprint.
3. Chasing Influencers' Calls
* The Mistake: I blindly followed "expert" signals on social media, expecting to get rich overnight. Most of the time, I was just exit liquidity for them.
* The Lesson: Do your own research ($DYOR). Use influencers' ideas as a starting point, but always verify with your own analysis. Use tools like the Binance Futures Calculator to run your own scenarios.
4. Not Using a Stop-Loss
* The Mistake: I thought, "The price will surely bounce back." It never did, and my small loss turned into a huge one.
* The Lesson: A stop-loss is your best friend. It's a non-negotiable part of every single. trade. Set it and forget it—it's there to protect
What was the biggest mistake you made when you started? Share your
story in the comments below! 👇
these three coins are I personally buy $VIRTUAL $INIT $SOLV
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