#TradingStrategyMistakes Trading without knowledge of technical or fundamental analysis is one of the most common mistakes new crypto traders make. Here's a breakdown of what goes wrong and why:

🚨 Common Mistakes When Trading Without Knowledge:

1. FOMO (Fear of Missing Out): Buying when prices spike, without understanding market cycles or why it's rising.

2. No Strategy: Random entries and exits, often based on hype or social media tips.

3. Ignoring Risk Management: No stop-loss, overleveraging, or putting too much capital into one coin.

4. Panic Selling: Selling at a loss during minor dips due to lack of confidence or understanding.

5. Chasing “Moon Coins”: Falling for pump-and-dump schemes or meme coins without checking fundamentals or liquidity.

6. Lack of Patience: Expecting overnight profits and giving up after minor losses.

✅ What You Should Do Instead:

Learn Technical Basics: Start with support/resistance, trends, candlestick patterns.

Understand Fundamentals: Know what the project does, its team, roadmap, and tokenomics.

Practice on Paper Accounts: Use demo accounts to test strategies without risking money.

Use Risk Management: Never risk more than 1–2% per trade.

Stay Updated: Follow trusted sources, avoid hype-driven decisions.