🚀 The 3 Biggest Crypto Trading Mistakes I Made This Year (And How You Can Avoid Them)
Hey Square community! 👋
We all chase those 100x gains, but sometimes the biggest lessons come from the losses. I’m sharing my top 3 mistakes from 2024 to help you trade smarter.
1️⃣ Chasing the Pump (FOMO is expensive!)
I jumped into an altcoin after seeing it spike 50% in an hour. My entry was the top.
💡 Lesson: Stick to your entry plan. Use limit orders and never chase green candles! Patience is a trader’s best friend.
2️⃣ Not Using Stop Losses (Hope is not a strategy!)
I held onto a losing position, convinced it would "bounce back." It didn't. That one mistake wiped out a week of profits.
💡 Lesson: Always use a stop loss. Protect your capital first, profit second.
3️⃣ Over-Leveraging (Greed kills accounts!)
Getting greedy with 50x leverage felt powerful until a small market swing liquidated me instantly.
💡 Lesson: Manage your risk. For most traders, 3x-5x leverage is plenty. Keep positions small relative to your total portfolio.
Trading crypto is a marathon, not a sprint. Focus on risk management and continuous learning!
👇 What was your biggest crypto lesson this year? Share it in the comments below! Let's learn together!
Make sure to follow me for daily market insights and trading tips!
#crypto #tradingtips #RiskManagement #BİNANCESQUARE #bitcoin
