#CryptoCharts101 mistakes "classic" that cause many people to lose money when trading crypto
One of the most common mistakes is fomo – buying when the price has risen sharply just because of the fear of missing out on the opportunity. This causes many people to "buy high" and lose direction when the market corrects.
The second mistake is not setting a stop-loss, leading to account liquidation after just a few wrong trades. The crypto market is extremely volatile, so if you do not control risk, sooner or later it will "blow up".
The third is trading too much, entering trades continuously based on emotions rather than following a clear plan.
The solution is: always have a strategy, control your psychology, and learn from your own mistakes – rather than letting the market teach you painful lessons.