Top 5 Mistakes Crypto Traders Make – And How to Avoid Them

Whether you're new to trading or a seasoned pro, avoiding common pitfalls can save you from costly errors. Here are the top 5 mistakes I’ve seen (and made) in crypto trading:

1. Overtrading

Emotional FOMO leads to too many trades. Solution: Stick to a clear strategy and journal your trades.

2. Ignoring Risk Management

Never risk more than 1–2% per trade. Use stop-losses and don’t overleverage.

3. Chasing Hype Coins

Don’t fall for social media pumps. Always DYOR (Do Your Own Research).

4. Not Understanding the Project

Holding a token without knowing its purpose? Study the whitepaper and roadmap first.

5. Lack of Patience

Markets reward patience. Scalping everything often leads to burnout and losses.

Final Thought:

The crypto market can be brutal but also rewarding for disciplined learners. Learn, adapt, and survive.

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