Business Insider grabs a post from Erik Voorhees who had around $285k held in Bitcoins at MT Gox. It’s not only a lesson that applies to BC but to every aspect of trading.

Here’s a few I hold to myself;

  1. Take care where you put your money
  2. Don’t blame the market for losses
  3. Learn to see through your losses and don’t let them cloud your judgement when re-entering the market
  4. Don’t take losses personally. If you have prepared yourself to lose it shouldn’t affect your psyche when it happens
  5. If you’re not sure about what you’re getting into, stay out