#TradingMistakes101 TradingMistakes101 - Mistakes to Avoid When Trading Cryptocurrency

Crypto trading can be highly profitable, but it also carries significant risks if you make the following mistakes.

1. Trading Without a Plan

Many people buy and sell based on emotions, lacking a clear strategy. Not having an entry/exit plan, and failing to set stop-loss or take-profit orders can lead to losses.

2. Overtrading

You don’t need to be “always in a trade.” Constant trading can lead to losing control, high transaction fees, and mental exhaustion.

3. FOMO & FUD

FOMO (fear of missing out) makes you buy at the peak.

FUD (fear, uncertainty, doubt) causes you to sell at the bottom.

These are common psychological traps in a volatile market like crypto.

4. Not Managing Capital

Putting too much money into one trade or going all-in on one coin can wipe out your account after just one strong market movement.

5. Ignoring Analysis

Many people only look at news or follow others without checking charts, on-chain data, or reputable news sources.

📌 Advice:

Trade less but with quality.

Always have a risk management plan.

Do your own research before making decisions.