Everything has a price 🫡

Newbie mistakes in the uptrend market:

1/ FOMO: fear of missing out, so follow the market at high prices, or jump around. Make decisions based on emotions and greed instead of reason.

2/ Overuse of leverage: seeing profits coming too quickly, so often "if only I had used more capital" and then borrowing, margin, futures, etc., forgetting that when using "cross" mode, it can lead to liquidation of all assets.

3/ Midas syndrome, golden hand: In the uptrend market, it is very easy to make money. So after a few touches, everything turns into gold, thinking you are good, sleeping on your victory. Ignoring the signs of market risks, and not having a profit-taking plan.

4/ Gambling with shitcoin: Always waiting on social networks, news about xxxx accounts 100 times, x1000 times becoming millionaires, from there searching for shitcoin while not having research knowledge. 99.9% are losses or lost everything.

5/ Poor risk management: often small investors cannot determine market trends, or do not accept mistakes to cut losses, when to DCA, or focus too much, or spread too thin... and hold on from the persimmon season to the tangerine season. Profits turn into losses, losses then swing to the eternal peak

6/ Ignore the main signals of the market such as:

_ Macro news because they think this news does not affect Crypto

_ Ignore onchain data, the great thing about blockchain is that everything on-chain is public and transparent and anyone can check it.

_ Ignore trading volume (Volume)
_ Disregard Technical Analysis.
_ Ignore fundamental analysis because people often think that Techcoin or shitcoin can only make money.
#newbie #makemoney $TAO $ETH $FIL