1. Emotional Trading

Making investment decisions driven by fear or greed, for example, when selling during price declines or buying during increases, results in financial losses.

** Note: The statement here refers to when you invest in Bitcoin or reputable large projects, not in small risky cryptocurrencies.

2. Intensive Use of Leverage

Borrowing to trade with amounts greater than your financial capacity increases the likelihood of greater losses if the market moves against your expectations.

3. Neglecting Fees

Fees are also an important factor sometimes, especially when the amounts are large. Ignoring transaction costs or platform fees reduces profits.

4. Weak Research and Analysis

Trading in this field without sufficient understanding of the asset or the market in general or making unstudied investment decisions results in losses.

5. Random Trading

Entering trades without clear and pre-arranged goals or strategies increases risks and reduces your chances of success or achieving the profit you desire.

6. Neglecting Security

Failing to secure digital wallets or using unreliable platforms exposes digital assets in general to theft or hacking. This has happened to many people.

** Note: Never forget that the platforms are meant to help you buy and sell only, not to invest. If you want to invest in Bitcoin for a long time, for example, or even in any other cryptocurrency you plan to hold, buy and transfer your assets to external digital wallets, or what is called a cold wallet.

7. Being Deceived by Trends

Buying cryptocurrencies or assets at the peak of price increases. This is due to the artificial hype and the fear of missing out. This leads to losses when prices start to decline and correct.

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✅ Tips to avoid these mistakes

• Establish a clear trading plan:

Define your goals, assess risks, and set exit strategies from the assets you are investing in.

• Use secure and licensed platforms:

Do not choose weak trading platforms. Choose trading platforms that have a good reputation and strong security measures.

• Conduct thorough research:

Study the assets or projects before making investment decisions.

• Risk Management:

Use stop-loss orders and diversify investments. Risk management is very important and often neglected.

• Discipline and Patience:

Avoid emotional decisions and stick to the plan you have set for yourself.