CryptoFort Community
CryptoFort Community
June 12, 2025 at 01:54 PM
🎗️ *Top 5 Common Mistakes Every Crypto Trader Must Avoid!* Whether you're a beginner or an experienced trader, avoiding these mistakes can save you from major losses and help you become a smarter, more consistent trader. 1. Trading with Borrowed Money One of the worst mistakes a trader can make is using borrowed money, emergency savings, or funds meant for rent, school, or bills. Crypto is very risky, prices can crash at any time. So always trade with your own money and ensure you invest what you can afford to lose that will not negatively affect your daily life. 2. FOMO (Fear of Missing Out) FOMO happens when you jump buy a tokens just because you sees everyone is profits with it and you don't want missing out too. So you should always stick to your trading strategy, not your emotions, Wait for solid tokens that match your plan. Remember, If you miss one opportunity today, another will come tomorrow 3. Overtrading (Too Many Trades) Overtrading means placing multiple trades at a time hoping for a quick profit and catch every move in the market. But more trades = more risk, more fees, more emotional stress... and mostly likely more losses. So be selective. Trade less, but trade smarter. Focus on quality tokens, not quantity. 4. No Risk Management Many traders only focus on how much they can make, but forget to ask: “How much am I willing to lose?” Risk management is the art of protecting your capital through setting a plan on stop-losses to cut lost early, take-profit targets to lock in gains, and more importantly setting a healthy plan of percentage you will invest out of your capital. You don’t have to win every trade, you just have to survive long enough to let your good trades pay off. 5. Not Doing Your Own Research (DYOR) Relying only on influencers, Telegram signals, or Twitter hype is dangerous. Some of them are paid to promote coins (aka “shilling”), and they won’t tell you when they’re selling. So always DYOR (Do Your Own Research)

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