If you are new to the world of crypto or trading, it's normal to make some mistakes, but the beauty is that you can learn from them and avoid them.
Here I gathered for you the top 5 mistakes I see beginners making, along with tips to avoid them👇
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1️⃣ Entering the trade without a plan
Many people enter the market randomly, buying a coin just because they heard about it or saw its price rising.
💡 Solution: Set a clear plan before any trade: when to enter, when to exit, and how much you are willing to lose.
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2️⃣ Risking the entire capital
Some enter all they have into a single trade... and if they lose, they exit the market completely.
💡 Solution: Do not risk more than 2-5% of your capital in a single trade.
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3️⃣ Chasing the market (FOMO)
You see the price rising quickly, so you enter late hoping it will continue to rise... and often it drops on you.
💡 Solution: Do not buy a coin after a large rise without a strong reason and clear analysis.
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4️⃣ Neglecting risk management
A beginner sometimes forgets to set a Stop Loss order and leaves the trade to chance.
💡 Solution: Always set an appropriate stop loss to protect you from sharp declines.
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5️⃣ Relying on one person or one source
Relying entirely on a friend's recommendations or a Telegram channel without your own understanding or analysis is a path to losses.
💡 Solution: Learn the basics and study before following any advice.
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🎯 Summary: Trading is not gambling, but a mix of discipline, risk management, and patience. If you learn from your mistakes and those of others, you will save yourself years of harsh experiences.
And that's it, I wish everyone success🌹🌹🌹
Follow me for more 👀♥♥♥♥
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