#TradingMistakes101

In this issue, the basics of diving into crypto trading. We, dear friends, will talk about the main mistakes in cryptocurrency trading, which, by the way, can also be mistakes in trading stocks, metals, and other assets on other exchanges and spot markets, as it is no secret that all markets have common laws, as well as their own differences depending on the specifics.

So, the first mistake is to rely on one coin, invest all your money there, and then with a high probability lose all your money. This means that portfolio diversification is necessary, i.e., buying different coins instead of one and reducing the risk of losses in case one of those coins crashes. As for the idea that all coins always follow Bitcoin, I would say, not all and not always.

Another mistake is to invest all your money in general. You should always leave at least half of your capital for unforeseen circumstances. If you have $1000, invest $500 and keep the rest as a safety net.

The third mistake is the confidence that you know where the market will go. Unfortunately, almost no one knows this; it can go anywhere at any moment.