Common Mistakes in Cryptocurrency Trading | Avoid Pitfalls to Prevent Losses!

Whether you're a newcomer to the field or an old hand who has been 'arbitraging' for years, many people have fallen into the following trading mistakes! Understanding these errors can help you navigate the crypto space more steadily and further.

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🔻 1. Chasing Highs and Selling on Dips, Emotional Trading

📉 Seeing the price surge and FOMO buying, only to see a pullback right after; panicking and cutting positions when the price drops, then regretting it during a rebound.

✅ Suggestion: Create a trading plan and stick to it strictly, don't be swayed by market emotions.

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🔻 2. Not Setting Stop-Loss/Take-Profit

📌 Holding onto the illusion that 'it will definitely bounce back,' while watching assets get cut in half over and over...

✅ Suggestion: Set stop-loss and take-profit levels in advance to prevent liquidation or profit erosion.

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🔻 3. Buying Small Tokens with Market Orders, Leading to Huge Slippage

📌 Especially in low liquidity projects, a single market order can spike the price by dozens of points.

✅ Suggestion: Use limit orders for trading, especially for obscure tokens.