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The three things new crypto traders die the fastest from, how many have you stepped on?
Many retail investors want to double their money as soon as they enter, but end up zeroing out in three days.
The market has always been the same, the problem is entirely on you.
Instead of watching the charts every day, going all-in, borrowing money to rush in, it's better to engrain these principles into your bones.
First, don't borrow money, stick to your bottom line.
Money borrowed to enter the market means not only losing your principal if you fail, but also carrying a debt.
Only use disposable funds you can afford to lose, then you can hold on and sleep well.
Second, play with idle funds, keep a calm mindset.
Don't touch living expenses, don't touch mortgage payments, only then can you stay calm and avoid trembling when trading.
When the ups and downs happen a few times, you won't panic, and you'll be able to wait for the real big fish.
Third, don't dream of doubling every day.
Experts only seize a few big opportunities a year; the rest of the time is spent observing, waiting, and studying trends.
The fantasy of getting rich overnight is poison, one bite can be deadly.
Fourth, take a break when there's no opportunity.
Markets open every day, but opportunities don't come every day.
If you don't understand or are uncertain, staying out is the best solution.
When the wind comes, you'll be ready to fire all your bullets.
There are no invincible champions in the crypto world, only veterans who survive.
They rely not on luck with a single big gamble, but on making fewer mistakes and protecting their principal.
Earning slowly is not shameful; living long is the real skill.
I'm K, I don't paint pie in the sky or boast, I only speak of practical experience.
If you want to survive long in crypto, first learn $ALLO how to survive.