A few days ago, I met a young guy who invested his principal chasing the heavily backed altcoins, and ended up losing sixty percent in three days.
The crypto market has never been a money-grabbing field; luck is a consumable, and true skills are the real safeguard.
Based on the lessons of the people around me, these heartfelt words about $TNSR must be firmly remembered by beginners.
First pitfall: trusting rumors and losing core tools.
Don't believe the "large holder accumulation signals" that are wildly spread in the community; most of this delayed information is bait for the unsuspecting.
What can really save your life are the divergence signals of MACD and the overbought and oversold thresholds of RSI; understanding these two indicators thoroughly is more useful than chasing ten "magical lines."
As for the Martingale strategy, if you copy it without understanding position management and drawdown control, you will eventually be caught in a liquidity trap when the market turns against you.
Second pitfall: treating news as sacred orders.
The so-called good news is often a smokescreen released by the main players to offload their positions;
The so-called bad news is often a tactic to force retail investors to sell their chips through market shocks.
Just like the rumor last month about a BTC ETF approval, the entire network was shouting "the bull is coming," and as a result, Bitcoin directly dropped 2000 points; how many people chased the high and got trapped?
Third pitfall: skipping the basics and rushing for a "shortcut."
The indicators provided by trading software are practical enough; quantitative parameters are not esoteric and should match your trading frequency and risk tolerance.
I have seen many people who can't even recognize all K-line patterns playing contracts, ultimately losing everything.
Those who survive in the crypto world understand that it's about reading the relationship between volume and price, managing positions well, and maintaining a stable trading mindset.
Using tools smoothly, timing correctly, and avoiding greed and impatience are essential to standing firm amidst volatility.
Follow me for practical skills that can be applied; see you in the Binance chat room.
