10 Mistakes in Crypto Trading That Could Make You "Burn Your Account"

If you want to survive and thrive in the volatile crypto market, stay away from the following costly traps: 1️⃣ Using excessively high leverage Are you playing with 20x – 50x leverage? Just a small fluctuation and your account will "disappear". 👉 Advice: You should only use leverage from 2x–5x and always set a reasonable stop-loss to limit risk. 2️⃣ Trading by emotions FOMO buying at the peak, panicking and selling at the bottom? This is a common recipe for failure. 👉 Advice: Trade based on logic and a specific plan. Use alert tools to avoid acting on emotions. 3️⃣ Neglecting account security Click on a strange link? Leaving coins on a hot wallet for too long? 👉 Advice: Use a cold wallet (hardware wallet), enable two-factor authentication (2FA), and double-check the website address before logging in. 4️⃣ Skip the research Running after KOLs or trends without knowing what the project is about? It's easy to end up with "trash." 👉 Advice: Do your own research (DYOR) thoroughly on the tokenomics, team, roadmap, and practical applications of the project. 5️⃣ Holding losses to recover losses Revenge trade ( trading to recover capital ) only makes you sink deeper. 👉 Advice: Stop, breathe, and reassess your strategy before returning to the market. 6️⃣ No specific strategy Entering random orders = gambling, not trading. 👉 Advice: Choose and stick to a strategy - it could be breakout, range, or swing trade. 7️⃣ FOMO into a late order If a coin is "trending strongly", there's a high chance you have arrived late. 👉 Advice: Wait for a price correction or establish a clear entry point before taking action. 8️⃣ Skip risk management Going all in on a coin? The risk of a "trap" is very high. 👉 Advice: Always allocate capital wisely, do not risk more than 1–2% of your account on each trade. 9️⃣ Trading too much More orders do not mean more profits – it can easily lead to burnout and mistakes. 👉 Advice: Focus only on good and clear opportunities, quality over quantity. 🔟 Ignore market conditions Trade when liquidity is low or during major news? 👉 Advice: Always observe the overall market trends and adjust your strategy accordingly. 💡 Keep this list as a "guideline" for your trading journey. Trade smarter = more sustainable profits! 💰🚀