Mistakes made by beginner traders in the world of cryptocurrencies:

Entering the market without understanding or a clear plan (trading on a whim or greed)

Here is an explanation of the main aspects related to this mistake:

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💥 1. Chasing trends without studying:

Many beginners buy currencies just because they are a "trend" or they heard that their price will rise, without analysis or knowledge of the project or risks.

> Example: Buying meme coins like DOGE or SHIBA at their peak, then losing when the price drops suddenly.

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💰 2. Greed and not setting goals:

They want to make 1000% in a day or a week, leaving a winning trade to turn into a losing one because they are waiting for more.

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⛔ 3. Not using stop loss:

The beginner trader enters a trade without protecting their capital, and if the price drops sharply, they lose most or all of their money.

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📉 4. Trading with amounts that cannot be afforded:

They use all their money or even borrow to enter the market, and if they lose, they suffer psychologically and financially.

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🧠 5. Not continuous learning:

They do not read, do not follow market news, do not understand technical or fundamental analysis.

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✅ Golden advice:

Start with a small amount, learn the basics of the market, and only trade with what you can afford to lose. Make a clear plan, and learn from mistakes; do not repeat them. And my last piece of advice, my friend, is patience. You must learn patience. #CryptoRoundTableRemarks #Tradersleague #BinanceAlphaAlert