#常见交易错误 Common cryptocurrency trading errors are as follows:

Trading Operations

- Failing to carefully verify the trading address: Entering an incorrect receiving address, resulting in funds being sent to the wrong place, possibly unrecoverable.

- Miscalculation of trading amount: Entering too much or too little when inputting the amount, leading to financial loss.

- Forgetting to back up private keys or wallet information: Once lost, it may be impossible to recover the wallet and assets.

Timing of Trades

- Blindly following others: Trading solely based on others' actions without personal analysis, easily leading to buying and selling at the wrong time.

- Overtrading: Frequent trading increases transaction fees and may lead to missing real good opportunities.

Security

- Using weak passwords: Easily cracked by hackers, leading to account theft.

- Trading in an insecure network environment: For example, public Wi-Fi, where transaction information may be stolen.

Risk Management

- Failing to set stop-loss and take-profit: Not timely controlling losses or missing out on gains.

- Overconcentration of funds: Putting all funds into one cryptocurrency or one exchange, which poses too high a risk.