#TradingMistakes101 ⚠️ Common Crypto Trading Mistakes

1. FOMO (Fear of Missing Out) Buying

Buying into a coin just because it’s pumping, without research.

Fix: Always research the project, check if the rally is organic or hype-driven.

2. Panic Selling

Selling at a loss during a dip, fearing the price will go to zero.

Fix: Develop a long-term strategy or set stop-loss/take-profit targets in advance.

3. Overleveraging

Using high leverage in futures trading can wipe out your account fast.

Fix: Avoid or use very low leverage unless you're highly experienced.

4. Ignoring Risk Management

Betting too much on a single trade or coin.

Fix: Never risk more than 1–3% of your capital on a single trade.

5. No Exit Plan

Not knowing when or how to take profit.

Fix: Set clear targets and use limit orders to exit gradually.

6. Chasing Signals Without Understanding

Following random tips or influencers without understanding the trade.

Fix: Learn technical analysis or follow credible sources with transparency.

7. Neglecting Fees & Slippage

Ignoring transaction fees or slippage during high volatility.

Fix: Trade on exchanges with low fees, and avoid big buys during high-volume spikes.

8. Storing Crypto on Exchanges

Leaving coins on exchanges that can get hacked or shut down.

Fix: Use hardware wallets for long-term storage.