#TradingMistakes101 #TradingMistakes101 Cryptocurrency trading can be lucrative, but many make mistakes that affect their profits. One of the most common is trading without a defined plan, leading to impulsive decisions. The lack of risk management is also a problem, as some invest too much in a single trade without setting loss limits. The fear of missing opportunities leads to hasty purchases influenced by external factors, while overtrading generates unnecessary costs. Not using stop-loss orders exposes traders to significant losses. Additionally, relying on unverified social media information can lead to poor investments. The lack of diversification increases risk, and trading with emotions instead of technical analysis can result in poor decision-making. Avoiding these mistakes and following a disciplined strategy improves the odds of success in the cryptocurrency market.