One of the most common mistakes is "chasing highs and selling lows." When seeing prices rise, one can't help but jump in, only to end up trapped at high levels; when seeing prices drop, panic selling occurs, resulting in missing the rebound opportunity. This kind of operation is simply like throwing money into the water.
Another mistake is "blindly following trends." When seeing others recommend a certain coin, one buys in without doing any research, often ending up as a victim. Remember, the information in the cryptocurrency world is mixed; you must have your own judgment and not take others' words at face value.
Of course, the most fatal mistake is "addiction to leverage." Trading with high leverage can lead to overnight wealth, but even more likely, it can lead to losing everything overnight. I have a friend who, because of his addiction to high leverage, ended up losing all his savings and even went into significant debt. Therefore, it is crucial to control leverage well and not let it become a demon that consumes you. What other common trading mistakes have you seen?