#SouthKoreaCryptoPolicy Trading Mistakes we do and how to avoid these as a new comer

🚫 Common Mistakes in Crypto Trading

1. Lack of Research (FOMO Trading)

Jumping into trades based on hype or influencers without understanding the project.

Consequence: Buying at the top, panic selling at the bottom.

2. No Risk Management

Investing more than you can afford to lose or going all-in on one coin.

Consequence: Major losses, emotional decisions.

3. Overtrading

Making too many trades trying to chase every market move.

Consequence: High fees, losses from emotional or rushed decisions.

4. Ignoring Stop-Losses

Not setting stop-losses or failing to stick to them.

Consequence: Heavy losses if the market drops suddenly.

5. Lack of a Clear Strategy

Trading without a plan or constantly changing your approach.

Consequence: Inconsistent results and poor long-term performance.

6. Letting Emotions Drive Decisions

Fear, greed, and impatience often lead to poor choices.

Consequence: Buying high and selling low.

7. Trusting Scams and “Too Good to Be True” Projects

That Make Your Life

Falling for fake coins, pump-and-dump schemes, or scam platforms.

Consequence: Losing funds permanently.

8. Not Understanding Market Cycles

Failing to recognize bull and bear market trends.