💸 3 invisible mistakes that eat your profits in Crypto
Many focus only on getting the market direction right, but they overlook small technical details that steadily drain capital day by day:
1️⃣ Buying at Market price (Market):
When you use a market order, you end up paying higher fees due to liquidity. Always place Limit orders to lock in your entry price and reduce costs.
2️⃣ Overusing Quick Conversions:
The quick conversion tool is convenient, but it usually applies a larger spread (price difference) than trading directly on the corresponding Spot pair.
3️⃣ Rotating projects too quickly:
Switching from one coin to another as soon as you see one going up and yours is falling only racks up accumulated commissions and poor entries driven by FOMO.
🛡️ Simple strategy: Choose strong projects like $LINK, $SOL, $NEAR, $FET, or $ARB, etc. Set a clear time horizon and let the Spot strategy run on its own.
Which of these mistakes did you make the most when you started in crypto? I’ll read your comments 👇
Many focus only on getting the market direction right, but they overlook small technical details that steadily drain capital day by day:
1️⃣ Buying at Market price (Market):
When you use a market order, you end up paying higher fees due to liquidity. Always place Limit orders to lock in your entry price and reduce costs.
2️⃣ Overusing Quick Conversions:
The quick conversion tool is convenient, but it usually applies a larger spread (price difference) than trading directly on the corresponding Spot pair.
3️⃣ Rotating projects too quickly:
Switching from one coin to another as soon as you see one going up and yours is falling only racks up accumulated commissions and poor entries driven by FOMO.
🛡️ Simple strategy: Choose strong projects like $LINK, $SOL, $NEAR, $FET, or $ARB, etc. Set a clear time horizon and let the Spot strategy run on its own.
Which of these mistakes did you make the most when you started in crypto? I’ll read your comments 👇