5 Costly Mistakes New Crypto Traders Make (and How to Avoid Them) đ«đ
Crypto is excitingâbut one wrong move can burn your entire portfolio. If you're just starting out, avoid these rookie mistakes:
1. â Chasing Green Candles
Donât FOMO into a pump. If it's already up 30%, you're likely buying the top.
2. â No Stop-Loss Strategy
Protect your capital. Always set a stop-loss. Emotions canât beat the market.
3. â Ignoring Research (DYOR)
Never buy based on hype. Study the projectâs use case, tokenomics, and roadmap.
4. â Investing More Than You Can Afford to Lose
Never put rent money into crypto. Seriously.
5. â Leaving Funds on Unknown Platforms
Stick with trusted exchanges like Binance, and always double-check URLs.
Learn from othersâ mistakes, and youâll grow 10x faster in this space.
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