binaceSquare

I lost $1M in 2021.

Right now, I see people making the same mistakes.

Here are Those 7 mistakes you must avoid👇

1. Fewer coins, better focus

➬ Holding too many altcoins = disaster.
➬ Hard to track updates
➬ Hard to manage exits
➬ Hard to reassess your thesis

Stick to 5-10 solid positions max. Trade others, but don’t marry them.

2. Take profits, don’t hesitate

➬ When the market pumps, secure profits instead of taking screenshots.

If you get a chance to de-risk fast, take it.

3. Leverage is a trap

➬ Institutions push it to liquidate retail traders.
➬ You might win once, but the next loss wipes you out.

It’s a Profitable model for exchanges not for you.

4. Manage position sizes based on risk.

I never put more than 5% of my portfolio into one coin unless I have extreme conviction.

➬ Higher risk coin = smaller size
➬ Lower risk coin = larger size

5. Set exit rules and follow them

➬ Price drops? Don’t pray, react.
➬ Example: “If SOL closes below $X for 2 days, I cut 50%.”

You can always buy back on confirmation

6. FOMO = Financial

➬ Buying coins after they pump because of influencers?
➬ Biggest mistake. Learn to research, not chase.

7. Stop panic selling

➬ As I can see these days, a lot of people are selling off their bags at massive losses.
➬ Markets dip and recover.

If you sell every red candle, you’ll regret it
#lost #AICrashOrComeback #BinaceSquare #Write2Earn #Top1
$BNB