7 Expert Tips to Dodge the Deadly Crypto Trading Pitfalls
Have you ever experienced that rush when your crypto portfolio hits an all-time high — only to see those gains vanish as quickly as they appeared? In the volatile world of cryptocurrency, it's easy to be seduced by the numbers on the screen. But those dazzling gains can be nothing more than illusions if not managed properly. This article explores the psychological traps and common mistakes many traders fall into, offering seven essential tips to help you safeguard your capital and trade smarter. The Euphoria That Sets You Up for Failure Imagine this: your portfolio is ablaze with green, your ATH (All-Time High) shimmers on the screen, and you feel unstoppable. The temptation to capture that moment and share it with friends is overwhelming. However, what you see isn't liquid cash . Once you factor in trading fees, commissions, and taxes, those soaring numbers shrink dramatically. This false sense of security often leads traders to: Overestimate their gains: Believing that digit...