Sense

🗣 Why do people lose money in crypto?

🚨 The main mistakes that lead to losses:

▫️Excessive trading and thirst for quick trades
▪️ Increasing risks on emotions
▫️ Failure to adapt to changing markets
▪️ Incorrect calculation of position size
▫️ Lack of profit taking in time
▪️ Lack of BTC and staples in the portfolio
▫️ Excessive number of open positions
▪️ Buy at resistance, sell at support
▫️ Trading without strategy
▪️ Unrealistic targets
▫️ Trying to recover after losses
▪️ Trading on other people's opinion and FOMO influence
▫️ Obsession with price and constantly comparing yourself to others

💭 Sometimes I catch myself giving in to emotions or setting unrealistic goals. The main thing is to realize it in time and draw conclusions!

And what mistakes do you know? Let's discuss in the comments! 👇

Creator of good content, stay with  DEGEN 💻 Join the channel /sense

Like you said, too many open positions ! Some may call it risk diversification but the more positions you hold, you tend to do less research. You’re better off with a handful of well researched tokens or coins ! 👍😁🫶