Starting in crypto trading can be exciting but also risky. Many beginners lose money because of common mistakes. Here are 5 key mistakes to avoid:
1ïžâŁ No Risk Management
Putting all your money in one trade is dangerous. Always use stop-loss and only risk what you can afford to lose.
2ïžâŁ Chasing Pumps
When coins pump quickly, beginners FOMO in and buy at the top. Patience is keyâwait for good entry points.
3ïžâŁ Ignoring Research (#dyor )
Never rely only on othersâ calls. Do your own research about the project, fundamentals, and market trends.
4ïžâŁ Overtrading
Too many trades = higher chances of mistakes. Quality > Quantity.
5ïžâŁ Emotional Trading
Fear and greed are a traderâs biggest enemies. Stick to your plan, donât let emotions control you.
đĄ Pro Tip: Start small, learn step by step, and grow with experience.
đ What was your biggest mistake when you started trading? Share it in the comments so others can learn too.
Not financial advice. DYOR.
