#TradingMistakes101

Crypto trading can be lucrative, but it's also fraught with pitfalls.

To protect your capital, steer clear of these common mistakes:

* Succumbing to FOMO and FUD: Don't panic-buy when prices surge (FOMO) or sell in fear (FUD). Stick to your plan and analyze data, not emotions.

* Poor Risk Management and No Stop-Loss: Never invest more than you can afford to lose. Always define and use stop-loss orders to protect against significant downturns. Diversify and don't over-allocate to a single position.

* Trading Without a Plan: Have a clearly defined strategy for every trade—entry and exit points, position size, and reasons for the trade. Impulsive decisions often lead to losses.

* Ignoring Fundamentals: Don't just rely on charts. Research the technology, team, and real-world utility of a cryptocurrency. Understanding fundamentals helps you pick strong projects.

* Overtrading: Patience is key. Don't force trades that don't align with your strategy. Fewer high-quality trades are always better than many impulsive ones.

* Learn from your mistakes and stay disciplined. Success in crypto comes down to a combination of education, planning, and effective risk management. *