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🔥# Did you know that more than 80% of new traders lose their money in the first 3 months? Here are some reasons!!!
❌ Common mistakes made by traders
Many new traders enter the cryptocurrency market without a deep understanding of the fundamentals, which often leads to making wrong decisions and incurring significant losses. Here are the main mistakes:
1️⃣ Lack of education and understanding
Lack of knowledge of trading fundamentals: Many enter the market thinking that trading is straightforward and simple, but this misconception leads them to poor decisions.
Ignore technical and fundamental a

My fellow new traders, the market always plays with the trader's psychology and controls their mental state, to the extent of melting a happy mood and spoiling it. This is the environment of this market. But soon you realize that you are wrong.
The nature of this market is that it rises for a period and falls for a period, and this is a natural course. Therefore, you should not sell if you made a mistake in the purchase location, as the price will return to you if your currency is strong and has a project.
The summary is to be a leader and king, and never sell at a loss, because profit is on t

✨ One of the seasoned traders who started his journey many years ago with a very small capital asked me.
Today, he has amassed a huge fortune from the crypto world. I asked him: What is the secret of your success? He simply replied: Success in trading is not complicated, but it requires patience and discipline.
📌 The first thing he advised me was "things to avoid" 👇
1️⃣ Don't enter a trade while chasing the rising price; learn to buy when people are fearful and sell when they are greedy.
2️⃣ Stay away from leverage; it is the quickest way to lose your portfolio.
3️⃣ Do not invest all that yo

🚀 Crypto is like the ocean 🌊
There are high waves and there is calm... and the smart one is the one who knows how to swim and not drown 🏊‍♂️
Today the market might be down 📉
And tomorrow it might fly up 📈
💡 The most important thing: don't rush, and don't risk more than you can afford.
I am still a beginner and I am only learning.
#Gate