#TradingMistakes101
# 💥 Trading Mistakes 101 — The Most Common Mistakes Traders Make in Cryptocurrency
Whether you're a beginner or have some experience, it's easy to fall into common mistakes while trading cryptocurrencies. Here are the main mistakes you should avoid:
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## ❌ 1. **Lack of a Trading Plan**
> Entering the market just because "the price is rising" without a clear strategy is a path to loss.
* Set clear goals: When do you buy? When do you sell?
* Determine your Stop Loss and Take Profit levels.
* Don’t change your plan under pressure.
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## 🤯 2. **Trading Based on Emotion**
> Fear (FUD) or greed (FOMO) are your biggest enemies.
* Don’t enter a trade just because everyone is talking about a particular coin.
* Don’t panic sell when the market drops.
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## 🧻 3. **Not Using Stop Loss**
* Without a Stop Loss, you could lose all your capital in one trade.
* Make Stop Loss a part of every trade — protecting your capital is more important than profit.
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## 💰 4. **Investing an Amount You Can’t Afford to Lose**
* Don’t use rent or food money.
* Only invest what you can afford to lose both psychologically and financially.
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## 📈 5. **Not Understanding Technical or Fundamental Analysis**
* Trading without reading charts or understanding the project = gambling.
* Take your time to learn the basics of technical analysis (like candlesticks, support/resistance).
* Understand the project: What problem does it solve? Who is behind it? What is the utility of the coin?
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