#TradingMistakes101

No fear of success!!!! If I have to choose, I made the mistake of not entering with a defined strategy more times. I never knew when to exit or stay.

One of the most common mistakes of cryptocurrency traders is to operate with emotions. Fear and greed often lead to impulsive decisions, such as selling in panic or buying out of FOMO (fear of missing out). This can result in quick and erratic losses.

The second mistake is the lack of risk management. Many beginners put all their capital into a single trade or do not use tools like stop-loss, which can lead to losing large amounts due to unexpected market movements.

The third mistake is not having a defined strategy. Entering the market without a clear plan for entry, exit, or without properly analyzing the charts makes the results depend more on luck than on analysis. Learning, researching, and practicing are essential steps before trading in such a volatile market as cryptocurrency.