Starting your crypto trading journey? Great—but be careful. Most beginners fall into the same three traps: overtrading, FOMO, and ignoring stop-losses. Here’s how to spot and avoid them.
1. Overtrading
Many new traders open too many trades, hoping one will “hit big.” This usually leads to emotional decisions, higher fees, and losses. Trading isn’t about quantity—it’s about quality. Stick to a strategy. Take fewer, smarter trades instead of chasing every price move.
2. FOMO (Fear of Missing Out)
Bitcoin is pumping? A new coin just 10x’d? You feel the urge to jump in. That’s FOMO, and it often ends in buying the top. Instead, take a deep breath. Real gains come from planning, not panic. Always research before buying any coin—no matter the hype.
3. No Stop-Loss
Skipping stop-losses is like driving without brakes. If the market crashes, you could lose everything. A stop-loss helps protect your capital by exiting a trade automatically when the price drops too far. Set it and stick to it—it’s your safety net.
In short: Don’t trade too much. Don’t chase pumps. And never trade without protection.
Want to become a smarter trader? Learn from mistakes—preferably other people’s.