Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Summary of the 7 deadly mistakes in the crypto market: 99% of traders keep repeating them

Summary of the 7 deadly mistakes in the crypto market: 99% of traders keep repeating them

BTC_ChopsticksBTC_Chopsticks2025/11/17 07:13
Show original
By:BTC_Chopsticks

Losses are not accidental, but the inevitable result of systematic errors. What's even more alarming is that most people are repeating exactly the same mistakes I made back then.

Below are the 7 deadly mistakes I have compiled from my own experience and research. If you see a part of yourself in any of these, please be alert.

Summary of the 7 deadly mistakes in the crypto market: 99% of traders keep repeating them image 0

① Completely unaware of risk (fundamental error)

Many people think they lose money because of impulsiveness, but the real fatal point is:

They are not investing in projects, but in stories.

They don’t understand the token model


They don’t know how the project makes a profit


They don’t understand valuation and risk


They are led by “trends,” “sentiment,” and “KOL hype”


Those who don’t DYOR (Do Your Own Research) are not investing, but gambling.

Not understanding risk → inevitable loss.


② No trading plan (chaos inevitably leads to liquidation)

Once your mind is in chaos, your positions will reflect that chaos.

Traders without a plan have common characteristics:

Chasing when the price rises


Panicking when the price falls


Making decisions based on emotions every day


But the market is not a game of emotions, it is a game of rules.

You need to have:

Entry criteria


Risk budget


Position sizing model


Exit mechanism (take profit / stop loss)


Those without a plan are always harvested by those with a plan.


③ Ignoring macro (the deadliest blind spot for beginners)

The vast majority of beginners think the market is driven by technical analysis. But the truth is:

The real direction of the crypto market is determined by macro liquidity.

For example:

Federal Reserve interest rates


CPI


Employment data


Capital inflow/outflow speed


Macro determines the trend, technical analysis only works within the trend.

If you don’t understand macro, you can’t understand why prices rise, let alone why they fall.

Summary of the 7 deadly mistakes in the crypto market: 99% of traders keep repeating them image 1

④ “This cycle is different” (the phrase that ruined me)

I once thought that some bull markets would “never end.”

But the truth is:

The cycles in the crypto market are more standardized and predictable than in traditional markets.

Every round:

Extreme FOMO


Violent surge


Emotional peak


Rapid crash


Choppy bottom building


Those who don’t learn from history are doomed to become its victims.

Summary of the 7 deadly mistakes in the crypto market: 99% of traders keep repeating them image 2

⑤ No stop loss, no take profit (the most foolish yet most common)

The outcome of a trade is not determined by the entry point, but by the exit point.

No stop loss = uncontrolled risk


No take profit = uncontrolled greed


Lacking either will lead to huge losses, and lacking both guarantees liquidation.

Always remember:

You must decide your exit strategy before entering a trade.


⑥ Overconfidence (the accelerator of amplified losses)

After a few consecutive wins, you start to believe:

“I’m amazing, I see things more clearly than others.”

This is the “fatal moment” for traders.

Because:

You start increasing leverage


You start ignoring risk


You start chasing “one big win”


You stop respecting the market


I once lost several large positions in a single day due to overconfidence.

You must remain calm and humble, or the market will make you pay the price.


⑦ Constantly chasing hot trends (always buying at the top)

When you blindly run between all the sectors, you have no idea what you’re actually doing.

AI hype → chase


Meme hype → chase


Narrative hype → all in


This is not a strategy, it’s chaos.

Professional traders will:

Focus on one field


Deeply understand one type of asset


Have their own models


Have an information advantage


Choose your sector, stick to it, and only then do you have a chance to win.


⑧ Extra warning: Don’t fall in love with any token

Emotion is the biggest enemy in the market.

The project doesn’t care about you


The token won’t look back at you even once


The market doesn’t reward faith, only discipline


If you fall in love with a token, it will eventually destroy your portfolio.


Conclusion:

Success is not luck, but a replicable behavioral pattern; losses are not accidents, but the result of habits.

The reason I was able to return to profitability after huge losses was not because the market improved, but because:

I identified my mistakes


I changed my behavior


I built a quantifiable and executable trading system


If you can avoid the above 7 major mistakes, you are already closer to long-term profitability than 90% of people.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Weekly Crypto Market Watch (11.10-11.17): Extreme Market Panic, Privacy Sector Stands Out

Last week, both the open interest and trading volume of altcoin contracts on exchanges declined, reflecting a continued lack of liquidity following the sharp drop on October 11.

深潮2025/11/17 12:06
Weekly Crypto Market Watch (11.10-11.17): Extreme Market Panic, Privacy Sector Stands Out

Multiple grand rewards are coming, TRON ecosystem Thanksgiving feast begins

Five major projects within the TRON ecosystem will jointly launch a Thanksgiving event, offering a feast of both rewards and experiences to the community through trading competitions, community support activities, and staking rewards.

深潮2025/11/17 12:06
Multiple grand rewards are coming, TRON ecosystem Thanksgiving feast begins

Yala Faces Turmoil as Stability Falters Dramatically

In Brief Yala experienced a dramatic 52.9% decline, challenging its stability. Liquidity management emerged as a critical vulnerability in stablecoins. Investor skepticism deepened despite major fund support.

Cointurk2025/11/17 11:33
Yala Faces Turmoil as Stability Falters Dramatically