Post
Topic
Board Trading Discussion
Re: learn from my 3 mistakes I made in trading
by
CroverNo01
on 16/03/2025, 06:09:12 UTC
Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
OP did your best to outlined the necessary common mistakes made by traders and I found this part a major one. I've countlessly made huge blunder from my end and it also cost me liquidation in my portfolio. I was good and moving in the market, everything was working fine but changed when my colleague introduced me to newly shitcoins with high expectations of hitting massive profits with our capital. Although he showed me concrete evidence how he has succeeded in hitting harder, perhaps he didn't show me his losses records, and I was too optimistic and ignore all other areas.

Shitcoins are common these days in the market, they are volatile projects in the market, today they skyrocket to the moon and tomorrow they are not enchancing any good procedure but experienci dump moves.