#TradingMistakes101
Avoid these common pitfalls in crypto trading:
* Emotional Trading: Fear of Missing Out (FOMO) and panic selling lead to impulsive, irrational decisions. Stick to your plan, not feelings.
* No Trading Plan/Strategy: Trading without clear entry/exit points, risk tolerance, and profit goals is gambling.
* Ignoring Risk Management: Failing to use stop-loss orders or over-leveraging can quickly wipe out your portfolio. Never invest more than you can afford to lose.
* Lack of Research (DYOR): Buying into hype without understanding a project's fundamentals, use case, or team is a recipe for disaster.
* Overtrading: Placing too many trades, often driven by boredom or desire to recover losses, increases fees and chances of poor decisions.
Discipline, research, and a solid risk management plan are key to navigating volatile crypto markets.