#MyCOSTrade Why Most People Lose Money in Trading?: The Brutal Truth About Human Nature Trading is simple in theory but brutally difficult in practice—not because of the markets, but because of human psychology. Here’s why most traders fail and how you can avoid their mistakes: 1. Emotional Trading (Fear & Greed) FOMO (Fear of Missing Out): Buying at the top because of hype (e.g., meme coins, sudden pumps). Panic Selling: Dumping positions at a loss during corrections instead of holding a well-planned trade. Overconfidence: After a few wins, traders risk too much and get liquidated. Solution: Follow a trading plan with strict entry/exit rules. Use stop-losses and take-profits. 2. Lack of Risk Management No Stop-Loss: "This trade will come back" → Account gets wiped. Overleveraging: 10x, 20x, 50x leverage works until it doesn’t. One bad trade can destroy weeks of profits. Putting All Capital in One Trade: Diversify, don’t gamble. Solution: Never risk more than 1-2% of your account per trade. Use 5x leverage max unless you're a pro. 3. Chasing "Get Rich Quick" Schemes Shitcoin pumps, insider calls, "100x gems" → Most are scams or traps. Real wealth is built slowly through disciplined trading & investing. Solution: Focus on $BTC , $ETH , and solid alts with real use cases. Avoid random meme coins unless you’re early and taking profits. 4. Ignoring Market Cycles Buying in a bull market euphoria (late) and selling in bear market despair (at the bottom). Not taking profits when things are green. Solution: Study market cycles. Take profits in bullish phases, accumulate in bear markets. 5. Overtrading (The Silent Killer) Too many trades → High fees, emotional exhaustion, more mistakes. Not every move needs to be traded. Sometimes, doing nothing is the best strategy. Solution: Quality over quantity. Wait for high-probability setups. Actionable Advice : Final Truth: The market doesn’t care about your hopes. Winners follow rules; losers follow emotions. Follow for more hard truths & profitable strategies. 🚀
Research the Coin: Choose coins with strong use cases, team, and community (e.g., Bitcoin, Ethereum). Market Trends: Buy during a dip or in a bear market (prices are low).
📈 When to Sell: Set a Profit Target: For example, sell after 20–50% gain (based on your risk tolerance). Trailing Stop-Loss: Sell automatically if price drops after rising (protects profits). Overbought Signals: RSI > 70 or rapid price spikes may signal it’s time to sell. Negative News or Regulation: Consider selling to avoid loss. Reaching Resistance Level: If price nears a strong past high, consider selling. Tips: Only invest what you can afford to lose. Use secure wallets, not just exchanges. Track your trades with simple logs.
An investment in Digital Assets carries significant risk. The value of an investment and any returns can go up or down, and you may lose all or part of your investment and not get back the amount you had invested. If you are new to Digital Assets, consider investing only a small amount. Only invest what you can afford to lose. It is important to do your own research to understand the risks of investing in Digital Assets. To learn more about Digital Assets, please refer to https://academy.binance.com/en.
#This a good idea to buy crypto and to get more profit. befor buying the crypto. see the value of RSI. if RSI <20. please buy and wait.I am sure your profit will increase.