As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Buying a coin just because there's no value without waiting for confirmation from the market that the trend has changed.
Buy coins at the wrong time, for example when prices's soaring.
Too easy following the advice of others without doing research first.
Not confident enough so that it makes you sleepless or your mind becomes chaotic.
Always haunted by worry about the high risk.
Do a stop-loss that's too fast because you are too focused on profit or loss.
Study the analysis in a way that is not acceptable.
Considering trading is tantamount to gambling. STOP ! this assumption must be stopped because this's not true.
And the last one is panic too soon and easily emotional.