If you are new to the market, stop and read this article carefully! Avoiding the 3 mistakes below will not only help you preserve your precious capital but also pave the way for significant profits in the future.

1. FOMO and Jumping In When Green Candles Are Burning

Have you ever seen a coin surge and immediately jumped in to buy?

That is FOMO syndrome – the fear of missing out on an opportunity. But often right after a 'pump' comes a strong 'dump' that leads you to heavy losses.

👉 Advice: Don’t chase emotions. Be patient and wait to buy when the price corrects (buy the dip), not when the whole market is excited.

2. Trading Without a Plan

If you enter a trade just because it 'feels right' or because others are talking about it — then that’s a recipe for failure.

Professional trading isn't based on emotions. There must be a clear plan:

  • Entry Point

  • Stop Loss

  • Target

👉 Advice: Always adhere to discipline and your plan. Never trade emotionally.

3. Overtrading – Jumping into Every Wave

Do you try to catch every pump, every bull wave?

The consequence is that you become exhausted, psychologically disturbed, and prone to mistakes.

Not every trade is worth entering. Continuous trading won’t make you rich quickly; it often just makes you lose faster.

👉 Advice: Only focus on high-quality opportunities. Selectivity and patience will yield more sustainable profits.

✅ In summary:

  • Control emotions, avoid FOMO

  • Always have a clear plan before trading

  • Focus on quality rather than quantity

Correct mindset – Correct strategy = Steady account growth.

Don’t let these 3 mistakes destroy your wallet. Learn to trade smartly — and let profits come to you.