#TradingMistakes101
Common crypto trading mistakes:
1. Emotional Trading
FOMO-buying pumps or panic-selling dips locks in losses. Stick to a strategy.
2. Ignoring Security
Using weak passwords, skipping 2FA, or storing crypto on exchanges risks theft. Use cold wallets.
3. Over-Leveraging
10x-100x leverage amplifies losses; liquidations can wipe accounts fast. Limit leverage.
4. Chasing Hype
Buying meme coins/shills without research often leads to rug pulls or -90% drops. Verify claims.
5. No Diversification
All-in bets on one asset risk ruin. Spread exposure across established projects.
6. Skipping DYOR
Blindly following influencers or ignoring tokenomics/use cases invites losses. Always research.
Key Fixes: Use stop-losses, secure assets, manage risk (≤5% per trade), and treat crypto as high-risk speculation—not "guaranteed gains."