The biggest risk in crypto market trading is making too many trades driven by emotions, and that too without managing risk.
Many people don't use these three tools, and then they suffer huge losses:
1️⃣ Stop-Loss – They don't set it.
They can't control their losses.
A small mistake can wipe out their entire capital.
2️⃣ Limit Orders – They don't use them.
They miss out on good prices.
The market suddenly drops or rises, and you can't catch the price. Then you blame the market. If you had placed a limit order, you could have traded calmly and gradually, and it would have given you time to observe the market.
3️⃣ Take Profit – They don't set it.
Due to greed, the profit slips away later because you miss small targets and take bigger risks.
💡 Lesson:
These tools are the safety net of trading.
Not using them means walking blindly in the market or ignoring the risks.
Learn through this medium and gain new information every day.
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