This is a fatal mistake that many brothers still struggle with. I, myself, when I first stepped into the Trader Coin market, also paid a heavy 'tuition fee' 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 the price volatility 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 haven't 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 sea, but when the storm comes, you'll be swept away uncontrollably.

As for the non-professionals, please note:

Before entering an order, always determine 3 factors: Entry (entry point), Take Profit (profit target), and Stop Loss (cut loss level).

Carefully consider the Risk/Reward ratio; only enter an order if the risk is less than the potential profit.

Write down your plan on paper or note it down before placing an order so that when the market fluctuates, you won't be swept away by emotions.

If you don't have the above 3 factors → Absolutely do not enter an order.

Are there any brothers who were once like me, or even at this moment are still making those 'foolish' mistakes? Please follow me to dissect, analyze, and resolve each mistake that new traders often stumble upon when stepping into the Crypto market.
$BTC