🧨 5 deadly mistakes beginners make in the crypto market – avoiding them could save you from loss
In the world of cryptocurrencies, tempting profits come quickly... but so do losses. Many beginner traders enter the market with enthusiasm, but without a plan or awareness, falling into the same mistakes repeated thousands of times.
In this article, we reveal 5 common mistakes that could destroy your portfolio if you’re not careful – with practical tips to avoid them 👇
1️⃣ Entering a trade because of the "hype"
Have you seen a coin suddenly rise 200% on Twitter or Telegram? If you entered just because "everyone is buying", you are a victim of FOMO (Fear of Missing Out).
> 🧠 Advice: Don’t enter any trade without technical or fundamental analysis supporting your decision. Hype ends quickly, but losses can linger.
2️⃣ Ignoring capital management
You may win in one or two trades, putting all your money in the next trade... then the coin crashes! This is where the journey ends.
> 🧠 Advice: Don’t risk more than 1-3% of your capital in a single trade. Always use stop-loss.
3️⃣ Not understanding the project or currency
Many buy coins just because they are cheap (for example, $0.001), thinking they will reach $1! But without understanding the supply, the goal, and the team.
> 🧠 Advice: Read the whitepaper and understand the project's idea before investing. Don’t buy at a "price", buy for "value".
4️⃣ Emotional trading
Fear, greed, anger... all of these emotions are deadly in the markets.
> 🧠 Advice: Stick to a pre-planned strategy and rational decisions. Don’t chase the market. Don’t try to quickly recover losses.
5️⃣ Ignoring technical indicators
RSI, MACD, and moving averages are not just "decorations" on the chart. They are tools that provide strong entry and exit signals.
> 🧠 Advice: Learn the basics of technical analysis and monitor the indicators before making any decision. I will explain some of them in upcoming articles 🔍
📌 Summary
Success in the crypto market doesn’t require genius, but discipline.
Avoid these five mistakes and you will indeed have cut half the way towards success.
🖼️ Attached Art: An image showing the RSI indicator at overbought and oversold stages with examples of wrong decisions due to FOMO.
