#TradingMistakes101 Common mistakes in crypto trading include:
- Insufficient Research: Not understanding the project, market trends, or risks.
- Emotional Trading: Making impulsive decisions based on emotions rather than logic.
- Over-Investing: Putting too much capital into a single trade or asset.
- Poor Risk Management: Failing to set stop-losses or manage risk effectively.
- Chasing FOMO: Buying into hype without considering the asset's fundamentals.
- Lack of Patience: Expecting overnight gains or getting frustrated with market volatility.
- Not Staying Informed: Ignoring market news, trends, and regulatory changes.
These mistakes can lead to significant losses and undermine trading success.