❌ 1. FOMO Buying (Fear of Missing Out)
Mistake: Jumping into a coin just because it's pumping or trending.
Solution:
✅ Stick to a strategy. Analyze fundamentals and technicals before entering.
✅ Wait for pullbacks instead of chasing green candles.
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❌ 2. No Risk Management
Mistake: Going all-in or investing more than you can afford to lose.
Solution:
✅ Use position sizing and never risk more than 1–2% of your capital per trade.
✅ Set stop-losses to protect yourself from big drawdowns.
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❌ 3. Ignoring Security
Mistake: Keeping large amounts on exchanges or using weak passwords.
Solution:
✅ Use hardware wallets for long-term holdings.
✅ Enable 2FA and avoid phishing links or shady airdrops.
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❌ 4. Overtrading / Emotional Trading
Mistake: Trading too often or based on fear and greed.
Solution:
✅ Develop a clear plan and stick to it.
✅ Keep a trading journal to review and improve decisions.
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❌ 5. Not Taking Profits
Mistake: Holding forever expecting prices to always go higher.
Solution:
✅ Use a profit-taking strategy (e.g., sell 25% at each key resistance).
✅ Remember: "You don’t go broke taking profits."
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💡 Pro Tip: Education beats speculation. Invest in learning before investing in coins.