#MyCOSTrade #Mistake #InvestorFocused

Here is a list of the most common mistakes that traders make in the crypto market, including tips on how to avoid them:

1️⃣Trading without a strategy Many beginners act spontaneously, without a clear plan. Tip: Develop a trading strategy (such as scalping or long-term investments) and stick to it.

2️⃣OverleveragingUsing high leverage (20x–125x) often leads to quick liquidations due to volatility. Tip: Start with low leverage (2x–5x) and always consider the risk of loss.

3️⃣Ignoring stop-lossesNot having stop-loss orders can lead to significant losses. Tip: Set a stop-loss on each trade based on your risk level.

4️⃣Emotional trading Fear or greed often leads to impulsive decisions, such as “playing it safe” after a loss. Tip: Make decisions based on analysis, not emotions, and avoid trading under stress.

5️⃣Insufficient market analysisTraders often ignore technical analysis, news, or trends. Tip: Use charts, indices (RSI, MACD), and monitor key events (regulation, halving).

6️⃣Investing all your funds in one coinThis increases the risk of losing capital due to concentration in one asset. Tip: Diversify your portfolio by investing only 1-5% of your deposit in one position.

7️⃣Under estimating commissions and interestTrading with credit or frequent transactions can eat away at profits through feeds. Tip: Calculate costs in advance and plan transactions taking commissions into account.

8️⃣Lack of testing Without practice on a demo account, traders risk real money. Tip: Test your strategy on platforms like Binance Futures Testnet.

9️⃣Panic during volatility Sharp market movements often cause premature closing of positions. Tip: Have a plan and trust it, avoid panicking during corrections.

🔟Inability to admit mistakes Holding a losing

position in the hope of a pullback often makes the situation worse. Tip: Accept losses as part of trading and exit trades according to a plan.

Warning: The crypto market is extremely risky.