Top Mistakes Newbies Make in Crypto

Posted on March 22, 2021 from Dean Astilla

No Research

No research. How often have you heard of a new trader who bought a coin without doing research on the fundamentals and background of the new coin? Research first so you don't regret it later.

No stop loss

Before buying, always make sure you have a plan when to buy and sell your coin especially at a loss. Don't let emotions dictate your actions.

Adding to losing trade

Part of a trading strat is how much you're going to put in a single trade. What matters is that you keep gaining over time with losses instead of betting everything on a single trade. There's always the next trade.

Trading without plan

The most successful traders strictly follow a trading plan. Be sure to make a trading plan that works with you before even thinking about buying a coin.

Choosing a wrong broker

There's at least one broker that gets hacked every year. Some even declared they're hacked to get away with all the coins they have. Be sure to find a broker you can trust. Remember #NotYourKeysNotYourCrypto.

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