3 Things Most Crypto Traders Get Wrong
Most traders blow up their accounts within the first 6 months. After years of watching thousands of traders, here are the 3 biggest mistakes I see — and how to fix them.
1. Trading Without a Plan
The #1 killer. You see a green candle, you ape in. You see red, you panic sell. This isn't trading — it's gambling.
The fix: Before you enter ANY trade, write down your entry, stop loss, and take profit. If you can't define all three, you don't have a trade.
2. Ignoring Risk Management
It doesn't matter if you're right 80% of the time. One overleveraged position can erase weeks of gains.
The fix: Never risk more than 1-2% of your portfolio on a single trade. This is non-negotiable.
3. Chasing Pumps Instead of Reading Charts
By the time you see it on Twitter, you're already late. The smart money entered days ago.
The fix: Learn to read price action, support/resistance, and volume. The chart tells you everything — if you know how to listen.
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