Abandoning or relaxing risk management
The mistake: Stopping the use of Stop-Loss orders after a winning streak or drastically increasing position sizes.
The consequence: In the crypto ecosystem, liquidation cascades or macroeconomic events can wipe out weeks of gains in minutes if you don’t have active protection.
The solution: Always define your exit points before opening a trade, and never risk all your capital on a single asset.$DOGE $SHIB $PEPE
The mistake: Stopping the use of Stop-Loss orders after a winning streak or drastically increasing position sizes.
The consequence: In the crypto ecosystem, liquidation cascades or macroeconomic events can wipe out weeks of gains in minutes if you don’t have active protection.
The solution: Always define your exit points before opening a trade, and never risk all your capital on a single asset.$DOGE $SHIB $PEPE