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Top 5 Mistakes Crypto Traders Make – And How to Avoid Them
Whether you're new to trading or a seasoned pro, avoiding common pitfalls can save you from costly errors. Here are the top 5 mistakes I’ve seen (and made) in crypto trading:
1. Overtrading Emotional FOMO leads to too many trades. Solution: Stick to a clear strategy and journal your trades.
2. Ignoring Risk Management Never risk more than 1–2% per trade. Use stop-losses and don’t overleverage.
3. Chasing Hype Coins Don’t fall for social media pumps. Always DYOR (Do Your Own Research).
4. Not Understanding the Project Holding a token without knowing its purpose? Study the whitepaper and roadmap first.
5. Lack of Patience Markets reward patience. Scalping everything often leads to burnout and losses.
Final Thought: The crypto market can be brutal but also rewarding for disciplined learners. Learn, adapt, and survive.