Crypto psychology! A survival guide for 97% traders | Crypto4light on Binance Square

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Crypto psychology! A survival guide for 97% traders #TradingTales $BTC 
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Top 10 Mistakes 1. Red = Buy, Green = Sell ✅ Train yourself to do the opposite — buy on strong dips, take profits on strong pumps. 2. Reacting to News & Hype Jumping into trades just because of a tweet, headline, or “breaking news” is gambling, not trading. ✅ Ignore the noise. Trade your plan, not the headlines. 3. “I Want to Sell” → Buy, “I Want to Buy” → Sell When fear hits and you want to sell, that’s often the best time to add. When greed hits and you want to buy, that’s often the best time to take profit. ✅ Use extreme emotions as a contrarian signal, not a trigger. 4. No Personal Strategy Trading without a clear plan (entry, exit, risk per trade) is like driving blindfolded. ✅ Define your style (scalping, swing, long-term), set rules, and stick to them. 5. Emotions Control Trading FOMO, fear, greed, and revenge trading destroy discipline and turn small losses into big ones. ✅ Journal every trade, review mistakes, and never trade when emotional. 6. No “Golden Middle” in Investing Going all-in on one coin or dumping everything at the first red candle is extreme. ✅ Balance risk — keep a core long-term portfolio, and use a smaller portion for active trading. 7. Chasing “Quick X’s” Trying to 10x fast leads to chasing memecoins, leverage, and risky plays with no edge. ✅ Focus on consistent, small wins over time, not lottery tickets. 8. Poor Trade Quality Overtrading, ignoring setups, and forcing trades just because “I need to do something” kills performance. ✅ Only take high-probability setups, and accept that sitting in cash is part of the game. 9. Letting Greed Take Over Holding a winning trade too long, refusing to take profits, and turning green into red is a classic mistake. ✅ Take partial profits, use trailing stops, and be happy with “good enough” gains 10. Shorting the Market Shorting crypto (betting on price drops) is extremely dangerous, especially in bull markets. ✅ For most traders, it’s safer to focus on long positions and risk management, not shorting. $ETH

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