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.