#TradingStrategyMistakes

Crypto trading is undoubtedly an adrenaline-filled field, but it is also a fertile ground for mistakes that can drain your wallet. One of the most common pitfalls is the impulsive leap into the void: diving into a crypto just because it is the talk of the town, without spending a second to research what problem it solves, its technology, or its team. Buying out of "FOMO" (fear of missing out) almost always ends badly.

Then, there is the drama of emotions. The crypto market is a constant seesaw, and downturns can trigger panic, leading you to sell your assets right at the worst moment, guaranteeing losses. On the other hand, the euphoria of price increases can make you greedy, pushing you to buy at the highest peak, only to watch the price plummet afterward.

The lack of a solid plan is another capital sin. Entering without a clear strategy, not knowing when to take profits or, crucially, when to cut your losses, is like navigating without a compass in a storm. And last but not least, there is negligence regarding security. Ignoring basic measures or, worse yet, falling for blatant scams, is giving away your money. In this volatile universe, discipline and caution are your best allies to avoid losing it all.