5 fatal mistakes often made by cryptocurrency traders
1. Using stress funds: It is not advisable to obtain funds for cryptocurrency trading by taking out loans, borrowing money, mortgaging houses, etc., which will lead to an anxious mentality and make it difficult to look at the future market trend with a normal mind.
2. Over-trading: Newbies are prone to frequent operations after entering the bull market, and they are eliminated due to lack of stop-loss awareness; veterans are also prone to being eliminated due to excessive short-term operations and not being able to see the market trend.
3. No stop-loss order: You must learn to recognize the loss of cryptocurrency trading. Setting a stop-loss order is the key to ensuring the safety of funds. Without a stop-loss order, it is like a car without brakes, and the danger is unpredictable.
4. No ability to trade again: The market is dangerous and unpredictable. You must leave yourself the ability to turn over again, otherwise it will be very sad to understand the market but have no money to operate. In short, cryptocurrency trading is not only a technical battle, but also a war of fund management, trading system and overcoming human weaknesses. Don't invest your life.
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