Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a
crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
In my opinion, the common mistakes beginner crypto traders make include;
1. applying greed while trading by not taking profit when necessary.
2. Some don't even use stop loss. Not using stop loss imply you don't have limit to risk taking. A proper risk management strategy is required to be successful trader.
3. Buying coins because you think they are cheap. Some coins are already abandoned by the team, so before saying "this coin is cheap and that's why I'm buying in" you have to be sure the project is not dead.
4. Following buy calls from pump groups. This kills new traders faster than poison. Do not rely on any pump group especially on telegram, you will get rekt. Try as much as possible to understand technical analysis.
I have a lot to say but let me put a full stop here. Ciao