This is a fatal mistake that many of you still struggle with. I, myself, when I first stepped into the Trader Coin market, also paid a heavy “tuition” because of it. But sometimes, you have to hurt once to be awake enough to remember for a lifetime.

Many new traders get caught up in price fluctuations and forget that trading is not a game of chance.

For example, seeing BTC rise sharply, with continuous green candles, FOMO kicks in, and you immediately open a buy order with all your capital. But you have not determined where to take profit, nor have you set a stop loss. Just a few hours later, the price reverses due to bad news or profit-taking from whales, and your account loses 15% right away.

Trading without a plan is like going to sea without a map or compass — you may drift for hours in the blue ocean, but when a storm comes, you will be swept away uncontrollably.

For those who are not professionals, please note:

Before placing an order, always identify 3 factors: Entry, Take Profit, and Stop Loss.

Carefully consider the Risk/Reward ratio, only enter a trade if the risk is less than the potential profit.

Write your plan down on paper or take notes before placing the order, so that when the market fluctuates, you are not swept along by emotions.

If you lack any of the 3 factors above → Absolutely do not enter a trade.

Is there anyone who has ever been like me, or even at this moment is still making those “foolish” mistakes? Follow me to dissect, analyze, and resolve each mistake that new traders often encounter when stepping into the Crypto market.
$BTC