I woke up this morning and saw $1,000 in my Metamask wallet.
But wait.
I have never used that wallet for any transaction.
I never bought any token with this wallet.
So, how did $1,000 get there?
Have you ever seen this before?
At first, I was happy.
Then I remembered this might be a scam.
I say to myself: "This is how many people get scammed oo."
But how?
Scammers send fake tokens to wallets randomly.
They add a fake price using small or manipulated liquidity.
Your wallet reads the data and shows the value.
But the money is not real.
When you click, connect your wallet, sell it, or approve a transaction with that token.
Automatically, you give the scammer access to your wallet.
Most times, they don’t steal immediately.
They wait.
Later, your tokens, usdt and others disappear.
At that point, your wallet is no longer safe. In fact, you no longer have control over your wallet.
The lesson:
If you did not buy the token, and you saw it in your wallet, do not touch it.
A token you cannot freely sell is worth zero.
So, how can we avoid this?
How am I sure my wallet is safe?
These and more live in our Space
Tuesday 13th by 12pm WAT
Set your reminder.
This is one dangerous way you can get hacked and many people already lose money because they don’t know this.
Follow @IamPSMART001 and turn on post notifications.
Set your reminder.
See you there.
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Today is good 😊
Create your trading journal and set your trading plan.
Why? This will help you increase your confidence in every trade and confidence increases your chances of getting better wins.
Keep trading.
Keep learning.
The pain of deciding when to hold or wait as a trader is like imagination and reality.
You choose to close early and then the trade hit TP😭.
Next time, you choose to stay locked-in no matter what and boom SL says come here 😭.
Next, you break even but trade reverse to entry.
The pain of deciding when to hold or wait as a trader is like imagination and reality.
You choose to close early and then the trade hit TP😭.
Next time, you choose to stay locked-in no matter what and boom SL says come here 😭.
Next, you break even but trade reverse to entry.
Regrets can kill faster as a trader.
I have personally been in this situation before. Yesterday, I closed my position too early because it was on loss.
The funny thing is after 2 hrs, that same trade went over 2x.
What will you do if you experience this?
Most people will always say, why 7X leverage.
Why not 10X or 20X?
Use leverage correctly to balance your account.
With the right leverage, your SL will not be higher than LIQ. PRICE.
Lesson: FOCUS ON GROWING CONTINUOUS.
DAY 1. Of my trading challenge.
LEARN TO BE PATIENT.
LEARN TO HAVE CONFIDENCE.
LEARN TO UNDERSTAND WHEN TO CLOSE A LOSING TRADE OR LEAVING IT.
These are personal improvements.
it's not something someone can teach you, keep practicing until it becomes a habit.
GM CT
It's over a month and I can't see my comments again 😭.
Few days ago, I got this message while commenting.
Since May 11th, whenever I comment I can't see them any more.
And my post gets low views
I need help.
@Ronniethekidd12@Dekingsweb3@cryptonicdoctor Yes, that is the mistake I did and made losses I can't ever forget in life.
Now, I am documenting my progress and staying in the game for long not for quick profit.
Most people will always say, why 7X leverage.
Why not 10X or 20X?
Use leverage correctly to balance your account.
With the right leverage, your SL will not be higher than LIQ. PRICE.
Lesson: FOCUS ON GROWING CONTINUOUS.
DAY 1. Of my trading challenge.