Why 90% of New Crypto Traders Lose Money in Their First Month
Most beginners lose money fast. Not because they're unlucky, but because they make the same mistakes.
I know this because I lived it. Two months ago, I entered crypto. I traded for a month and lost money. Now I understand why.
Here's what kills new traders:
No Risk Management
I threw money into trades without stop losses. One bad trade hurt badly (in my case, it was $BTC ). New traders do this every day.
Emotion-Based Decisions
FOMO made me buy at peaks. Panic made me sell at the bottom. I let emotions drive my decision. That's the fastest way to lose.
Zero Planning
I jumped in blind. No entry plan. No exit strategy. No idea how much to risk. I was gambling, not trading.
How to survive:
✅ Always use stop-loss orders
✅ Never risk more than 1% per trade
✅ Write your plan before you trade
✅ Control FOMO, let opportunities pass
The winners in crypto aren't the smartest. They're the most disciplined. I learned this the hard way.
Now I'm focusing on real learning first. Demo trading. Building skills. Then I'll return to real trading, but this time prepared.
I'm documenting this learning journey on Binance Square. If you support real learning and transparent growth, every contribution helps me keep going.
