#TradingMistakes101 3 Crypto Mistakes to Avoid: Lessons Learned
Don't make the same mistakes I did! 🙅♂️ Here are three crypto mistakes I've made, and what I've learned from them:
Mistake 1: FOMO Buys
- Chasing green candles and buying at the top can be costly
- Lesson: Do your own research, wait for pullbacks, and avoid hype-driven buys
Mistake 2: Ignoring Gas Fees
- Don't get caught out by high gas fees, especially on Ethereum
- Lesson: Always check fees first and consider lower-fee chains
Mistake 3: Not Taking Profits
- Failing to lock in profits can lead to significant losses
- Lesson: Take profits on the way up, even if it's just 20% - it's better to be safe than sorry! 📈
What I Do Differently Now
- Use stop-losses to limit losses
- Track my portfolio regularly to stay on top of things
- Focus on coins with real-world utility, not just hype
- Think long-term, not short-term
Your Turn
- What's one crypto mistake you've made (or avoided)? Share your story in the comments below!
