14 Mistakes in Crypto Trading That Can Burn Your Account: Avoid Them Before It's Too Late

You may win some orders, but if you make the following mistakes, your account will quickly "disappear." Please read carefully and check if you are affected by any of them. 1️⃣ Using Excessive Leverage (Over-Leveraging) Are you using 20x, 50x just to "eat quickly"? A small fluctuation is enough to wipe out the entire account! 💡 Tip: You should only use leverage under 5x, and always set a stop-loss (cut loss) to protect your capital. 2️⃣ Emotional Trading (Emotional Trading) FOMO when seeing the price increase? Panic when the price drops? 💡 Tip: Trade based on a clear plan and strategy, not on emotions. Use price alerts to control actions. 3️⃣ Ignore Security (Ignoring Security) A click on a strange link = losing all your wallet. 💡 Tip: Activate 2FA, use a hardware wallet ( and carefully check the website address before logging in. 4️⃣ Do Not Research Project )Skipping Research( Just because you see a KOL posting about coin X, do you immediately buy it? 💡 Tip: Always do your own research )DYOR(: check the project goals, tokenomics, roadmap, team, partners,... 5️⃣ Cut Losses at All Costs )Chasing Losses( Losing and then doubling the bet to recover? The more you play, the more you lose. 💡 Tip: Stop, take a break. Come back when your mind is clear to reanalyze the trading system. 6️⃣ No Clear Strategy )No Strategy( Random buying and selling, no entry points, no exit points? You are "gambling" not trading. 💡 Tip: Apply proven strategies such as breakout, support/resistance, RSI,... 7️⃣ FOMO When the Market is Hot )FOMO( If a coin is going viral all over social media, you may be too late. 💡 Tip: Wait for the price to correct )retracement( and find a reasonable entry point with lower risk. 8️⃣ Bỏ Qua Quản Lý Rủi Ro )Ignoring Risk Management( Putting all your capital into a single order? Just one mistake and it's gone! 💡 Tip: Only risk 1–2% of your capital for each trade. Surviving gives you the chance to recover. 9️⃣ Không Ghi Chép Giao Dịch )Not Tracking Trades( Not tracking orders = not knowing why you win or lose. 💡 Tip: Keep a trading journal: reasons for entering the order, entry/exit points, stop-loss, results. 🔟 Overtrading ) Having more orders doesn't necessarily mean higher profits. 💡 Tip: Focus on quality setups. Less but precise is still much better than chaos. 1️⃣1️⃣ Not Understanding Market Structure (Not Understanding Market Structure) Don't recognize the trend or reversal zone? 💡 Tip: Learn how to analyze market structure: peaks/highs, supply/demand zones, main trends,... 1️⃣2️⃣ Bỏ Qua Tin Tức & Sự Kiện (Ignoring News & Events) Token is about to unlock, is there an FOMC that you don't know about? It's very easy to get a price shock. 💡 Tip: Regularly update the news. Note important event dates, airdrop, unlock, CPI,... 1️⃣3️⃣ Vào Order Không Xác Nhận (Trading Without Confirmation) Seeing a green candle means jumping in to buy right away? 💡 Tip: Wait for confirmation signals such as: high volume, retest the price zone, hourly candle closing. 1️⃣4️⃣ Holding Coin Too Long (Holding Bags Too Long) "Blind faith" makes you hold onto coins with losses of up to 90%? 💡 Tip: Cut losses early if the uptrend structure is lost. Don't marry coins – just date them! ✅ SUMMARY Crypto trading is not a game of chance. It is a game of strategy, discipline, and emotional control. Avoiding these 14 mistakes means you have covered half the distance to sustainable profits.