Understanding Chasing Losses in Crypto: Strategies to Avoid the Downward Spiral

A tense trader examines cryptocurrency charts, illustrating the consequence of chasing losses.

In the volatile world of cryptocurrency trading, the rise and fall of asset prices can happen in the blink of an eye. A common pitfall that traders often stumble into is the act of ‘chasing losses.’ This psychological trap occurs when traders, facing a financial loss, jump back into the market, making more, often riskier […]