If you are new to the world of crypto or trading, it’s normal to make some mistakes, but the good thing is that you can learn from them and avoid them.
Here I gathered for you the top 5 mistakes I’ve seen beginners make, along with tips to avoid them👇
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1️⃣ Entering a 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 all your capital
Some people invest everything they have in a single trade… and if they lose, they exit the market completely.
💡 Solution: Don’t risk more than 2-5% of your capital on 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… but it often drops on you.
💡 Solution: Don’t buy a coin after a big 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 and leaves the trade to the unknown.
💡 Solution: Always set an appropriate stop loss to protect yourself from sharp declines.
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5️⃣ Relying on a single person or source
Completely relying on a friend's recommendations or a Telegram channel without your own understanding or analysis is a path to loss.
💡 Solution: Learn the basics, and study before following any advice.
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🎯 Summary: Trading is not gambling; it is a mix of discipline, risk management, and patience. If you learn from your mistakes and the mistakes of others, you will save yourself years of harsh experiences.
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