⚠️ Important Precautions to Avoid Losses in Crypto Trading: 💹
**Never invest your entire capital:✅
Always use only 5% to 10% of your portfolio in a single trade. Keep the remaining amount as a backup so you can manage your position if the market drops.
**Always use a Stop Loss:✅
Before entering a trade, decide how much loss you are willing to tolerate. If the market falls below your set point, exit automatically. Don’t wait emotionally hoping the market will recover.
**Stay away from Leverage (especially if you’re new): ✅
Avoid Futures trading and high leverage if you are a beginner. In Spot trading, your coin does not go to zero immediately, but in Futures trading, your entire account can be wiped out.
**Avoid Pump & Dump schemes:✅
Don’t enter a coin just because its price is suddenly skyrocketing (this is called FOMO – Fear of Missing Out). Often, large players are selling their holdings at that point.
**Focus on learning:✅
Try to understand indicators (such as RSI, SuperTrend) and candlestick patterns. Blindly following others’ signals is similar to gambling.
**Do Your Own Research (DYOR):✅
Before investing in any token, check its volume and market capitalization to understand its trading activity and liquidity.
These points can help people think realistically and make more informed decisions. May God compensate your losses with something better.💸
