#TradingMistakes101
Here is a summary of the three main mistakes to avoid if you want to succeed in cryptocurrency investing:
1. Letting FOMO guide you
Buying high just because everyone is talking about the "next big thing" is a classic recipe for regret. Instead, focus on the projects you have researched, set clear entry points, and ignore the noise.
2. Overexposing your bets
Leverage can amplify gains... but it also amplifies losses. Overloading yourself with margin or futures exposure without a solid strategy is like walking a tightrope in a hurricane. If you must use leverage, start small, always use stop-loss orders, and never risk more than you can afford to lose.
3. Neglecting security and due diligence
Leaving coins on sketchy exchanges or reusing passwords is asking for trouble. Always move your assets to cold or hardware wallets when you are not trading, enable two-factor authentication everywhere, and check the team behind each project, audit reports, and tokenomics before committing.
Avoid these traps, keep your cool and remember: a calm and methodical approach beats hype-fueled chaos every time. Happy investing!