Five Common Mistakes That Can Cause You to Lose Money When Trading Cryptocurrencies! Altcoins are always full of temptation and risk. When prices soar, many investors easily fall into emotional decision-making, leading to losses.

1. Not Setting Clear Profit Targets When the market goes up, it’s easy to get caught up in the fantasy of 'just a little more,' ultimately losing realized gains when the market reverses. A profitable position turns into a losing one! (If you’ve made a profit, it’s time to leave, no hesitation!) How to avoid: Set clear profit targets for each investment. Gradually take profits in stages to lock in gains as actual funds.

2. Following the Hype Without a Plan! The allure of popular projects is hard to resist, but chasing prices at high levels often leads to losses when the excitement fades. Those who love to chase highs and trends! (Chasing highs is a sure way to fail) How to avoid: Avoid impulsive trading driven by FOMO (Fear of Missing Out).

3. Ignoring Risk Management Investors often become overconfident in a bull market, investing all their capital or using leverage, or even holding a single high-risk asset, which can lead to devastating losses. (Cutting losses is painful, but not fatal!) How to avoid: Diversify your portfolio, moving some funds to stablecoins or other low-risk assets. Set stop-loss levels to reduce the potential risk of single investments.

4. Overconfidence Leading to Increased Risk In a generally rising market, investors may mistakenly believe they have mastered market rules, thus taking on greater risks. (Respect the market) How to avoid: Stay humble, respect the uncertainty of the market. Always control your position sizes to avoid exposing too much risk due to overconfidence.

5. Chasing Unrealistic Hundredfold Returns Looking for the next 'hundredfold coin' often leads to falling for speculative low-quality projects, ultimately losing principal. How to avoid: Invest in quality projects with strong fundamentals and real use cases.

As an experienced cryptocurrency investor, I freely share my experiences and insights. Interested in the crypto space but don’t know where to start? Follow me to see my insights, and I'll guide you to achieve freedom in this bull market.