Attention New Traders: 5 Trading Mistakes That Can Hurt Your Profits

Starting in crypto trading? Avoid these common pitfalls:

1. Chasing Pumps

Buying after a coin spikes? That’s FOMO. Prices often drop soon after. Wait for better entry points.

2. Trading Without a Plan

Making trades based on emotion or hype leads to losses. Always set your entry, stop loss, and target first.

3. Overtrading

Trying to catch every market move drains both your money and energy. Focus on high-quality setups.

4. Ignoring Risk Management

Never risk more than you can afford to lose. Use proper position sizing to protect your capital.

5. Neglecting Research

Blindly following tips or social media hype is risky. Always do your own analysis before entering a trade.

Trade smart, follow your strategy, and protect your money.

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