#TradingMistakes101 #TradingMistakes101

#TradingMistakes101 – What Every Beginner in Crypto Trading Should Know

Jumping into crypto trading can be exciting, but it’s also full of traps that can drain your money fast if you’re not careful. Here's a list of key Do’s and Don’ts to help you start right

✅ DOs:1. Start Small:

Only invest what you can afford to lose. Begin with a small amount to learn the market dynamics.. Educate Yourself:

Learn about blockchain, crypto basics, technical analysis, and market trends. Knowledge is your best weapon.

3. Use Stop-Loss Orders:Always protect your capital. Stop-loss orders help limit losses during sudden market drops.

4. Stick to a Strategy:Whether it’s day trading, swing trading, or HODLing—have a plan and follow it.5. Keep Emotions in Check:

Fear and greed are a trader’s worst enemies. Stay calm and trade based on logic, not feelings.6. Diversify Your Portfolio:

Don’t put all your funds in one coin. Spread risk across different assets.

7. Use Reputable Exchanges & Wallets:

Stick with well-known platforms to avoid scams and security risks❌ DON’Ts:

1. Don’t Chase Pumps:

If a coin is suddenly skyrocketing, it might be too late. Avoid buying at the top due to FOMO (Fear of Missing Out).

2. Don’t Overtrade:

More trades don't mean more profit. Overtrading often leads to more losses due to fees and poor decisions.

3. Don’t Trade Without a Plan:

Random buys/sells = gambling. Have a goal, entry/exit points, and risk management rules.

4. Don’t Ignore Security:

Always use 2FA, avoid clicking on unknown links, and keep your seed phrases safe.

5. Don’t Let Losses Break You:

Every trader takes a loss. Learn from it and move forward with improved discipline.

💡 Pro Tip:

Keep a trading journal. Write down your trades, reasons, and results. It’ll help you learn faster and avoid repeating mistakes

📈 Crypto trading isn’t a get-rich-quick scheme. It's a skill that takes time, patience, and practice. Stay sharp, stay humble, and never stop learning.