Here is 8 main mistakes that will save you tons of money
Before we dive in, just a quick heads up:
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1/â« Don't run for pumps
â Market is full of opportunities now, and sometimes it's overwhelming as new tokens/narratives are launched daily.
â However, it's important to be careful cause the rotations in the bull market are very risky
â It's always better to stick to one solid trend and not chase a bunch of false opportunities
2/â« Don't do anything without a strategy
â If you really think that you can just invest money in some coin, it will skyrocket, and you'll make a lot of money - you're naive.
â You need a strategy and a plan; it's foolish to just rely on luck, better to spend a few hours for research
3/â« Don't do blindly trading
â This rule is somewhat similar to the previous one but more specific.
â Always research the token you are investing in, look at the tokenomics, the project's narrative, consider basic TA, and then you will make your first profit
4/â« Don't get to greedy
This is a mistake many make when, after a 5-10x profit, you wait for more, aiming for 100x, and end up losing everything.
Always secure your profits in stages, and then, 8/10 of your deals will either break even or be profitable.
5/â« Don't over rotate
â When you finally achieve a 10x or more return, never immediately put it all into another altcoin, as that would be like gambling in a casino.
â Secure your profit, put a % into stablecoins, and continue to look for new opportunities.
6/â« Don't quit now
â We've already survived the bear market; now is a golden time for earning.
â No matter how tired you are, don't quit. Because the only thing guaranteed in life is that if you don't chase what you want, you are losing.
Stay strong, cheers folks!
