Three Most Common Traps Newbies in the Crypto World Fall Into—the Ones I’ve Already Walked Into for You
When I first entered the crypto world, like most people, I was watching the 1-minute candlestick chart: when it went up, I chased; when it went down, I panicked and sold. I placed a dozen orders a day. After three months, my account dropped from 10,000 USDT to 2,000 USDT.
Today I’m sharing these traps so you don’t end up taking the same path.
First trap: Always trying to buy at the lowest point and sell at the highest.
Do you do that too? It dips a little, and you think, “It can go lower.” So you wait to buy. It rises a little, and you think, “It can go higher.” So you wait to sell. What happens then? You end up watching it fly without you, and waiting while it traps you.
I’m not trying to discourage you—there’s only one lowest point and one highest point. Why is it always you? Better idea: enter in portions, take profit in portions. Make money from the middle—once you have enough, stop.
Second trap: Going all-in (YOLO) with no backup plan.
You always think, “This time I’ve got it.” Then you put everything in at once. The result? If the market turns around, your account is gone.
Ask yourself: when have you ever truly been “right”? Even if you nailed the direction, the market may still move the other way for a bit before coming back. If you’re fully invested, you can’t survive that swing.
Remember: principal is your life. If you don’t give it a way to live, it won’t give you another chance.
Third trap: Making decisions when emotions run hot.
When you’re losing, you’re eager to “get it back”—you go heavy, hold on to the position, and even add to it. When you’re winning, you think you’re a genius—so you add more, chase higher prices, and don’t take profit.
Either state is a warning sign before liquidation.
What should you do? Lock in rules: exit when you’ve lost up to how much, and close when you’ve gained up to how much. Once it’s reached, execute it—don’t let emotions place trades for you.
To be honest, people who make money in the crypto world aren’t the smartest—they’re the ones who can most effectively control themselves.
If you remember these traps, you can at least cut your losses by half.
Follow Brother Jie. No boasting, no hype—only real trading experience that helps you survive in this space. If you’re still repeatedly losing and starting over again and again, talk to me—I’ll teach you how to make trading simple.
When I first entered the crypto world, like most people, I was watching the 1-minute candlestick chart: when it went up, I chased; when it went down, I panicked and sold. I placed a dozen orders a day. After three months, my account dropped from 10,000 USDT to 2,000 USDT.
Today I’m sharing these traps so you don’t end up taking the same path.
First trap: Always trying to buy at the lowest point and sell at the highest.
Do you do that too? It dips a little, and you think, “It can go lower.” So you wait to buy. It rises a little, and you think, “It can go higher.” So you wait to sell. What happens then? You end up watching it fly without you, and waiting while it traps you.
I’m not trying to discourage you—there’s only one lowest point and one highest point. Why is it always you? Better idea: enter in portions, take profit in portions. Make money from the middle—once you have enough, stop.
Second trap: Going all-in (YOLO) with no backup plan.
You always think, “This time I’ve got it.” Then you put everything in at once. The result? If the market turns around, your account is gone.
Ask yourself: when have you ever truly been “right”? Even if you nailed the direction, the market may still move the other way for a bit before coming back. If you’re fully invested, you can’t survive that swing.
Remember: principal is your life. If you don’t give it a way to live, it won’t give you another chance.
Third trap: Making decisions when emotions run hot.
When you’re losing, you’re eager to “get it back”—you go heavy, hold on to the position, and even add to it. When you’re winning, you think you’re a genius—so you add more, chase higher prices, and don’t take profit.
Either state is a warning sign before liquidation.
What should you do? Lock in rules: exit when you’ve lost up to how much, and close when you’ve gained up to how much. Once it’s reached, execute it—don’t let emotions place trades for you.
To be honest, people who make money in the crypto world aren’t the smartest—they’re the ones who can most effectively control themselves.
If you remember these traps, you can at least cut your losses by half.
Follow Brother Jie. No boasting, no hype—only real trading experience that helps you survive in this space. If you’re still repeatedly losing and starting over again and again, talk to me—I’ll teach you how to make trading simple.
