1️⃣ Too Many Coins, Too Little Focus
Mistake: Spreading yourself across 20+ altcoins.
Fix: Stick to 5–10 coins you truly believe in.
Why: A $1K portfolio split 30 ways won’t move the needle. A focused approach = better gains.
2️⃣ Not Taking Profits
Mistake: Holding forever, waiting for “just a bit more.”
Fix: Lock in profits along the way. Have clear targets.
Why: Don’t ride $10K back down to $2K because of greed.
3️⃣ FOMO Buys
Mistake: Jumping into coins after they’ve already pumped hard.
Fix: Buy before the hype, during consolidation phases.
Why: Chasing green candles often ends in red bags.
4️⃣ Ignoring Narratives
Mistake: Staying stuck in old trends or ignoring emerging ones.
Fix: Stay in tune with top narratives — AI, DePIN, gaming, Layer 1s, RWAs, etc.
Why: Big narratives = big opportunities. Remember the DeFi run?
5️⃣ Emotional Decisions
Mistake: Panic buying or panic selling.
Fix: Trust your research. Stick to your plan.
Why: Emotional trades are usually bad trades.
6️⃣ No Strategy
Mistake: Investing without knowing your entry, exit, or profit plan.
Fix: Write it all down before you buy.
Why: When emotions hit, your plan is your anchor.
7️⃣ Funds Sitting on Exchanges
Mistake: Leaving everything on centralized exchanges (CEXs).
Fix: Use cold wallets like Ledger or Tangem.
Why: Remember FTX? Your coins = your responsibility.
8️⃣ Moonboy Mindset
Mistake: Believing every coin will do 1000x.
Fix: Use logic — check market caps, TA, and real use cases.
Why: A $1B market cap coin isn’t going to $1T. Stay grounded.
9️⃣ Forgetting About Taxes
Mistake: Not tracking profits and liabilities.
Fix: Use tax tools like Koinly or CoinTracker.
Why: Don’t get caught off guard during tax season.
🔟 Blindly Following Hype
Mistake: Buying what influencers say without doing research.
Fix: Read whitepapers, understand the project, know the tokenomics.
Why: Hype fades. Fundamentals last.
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Extra Tips to Level Up:
Time Management: Don’t stare at charts all day. Learn skills like chart reading, narrative spotting, and market psychology.
DCA Smartly: Don’t FOMO in all at once. DCA helps reduce risk and catches dips.
Track Whale Moves: Whales often signal confidence. Watch what the big players are doing.
Celebrate Small Wins: Don’t wait for a moonshot to appreciate your progress.
Risk Control: Only invest what you can afford to lose. Use stop-losses.
Track Your Portfolio: Use tools like Zapper or CoinGecko to stay organized and informed.
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Final Thought:
This bull run could change your life — but only if you stay smart. Avoid common traps, stick to your plan, and don’t let emotion, hype, or lack of strategy take you out.
Bookmark this, stay sharp, and let’s crush it.
#DinnerWithTrump #MerlinTradingCompetition $XRP