Starting to trade crypto can be a massive learning curve. Whether youre an experienced trader or a newbie, crypto trading can seem hugely complicated and its super easy to mess up in the beginning. Luckily, theres a lot of information out there that can help you become the crypto trader of your dreams. Weve compiled a list of the 5 mistakes every crypto trader should avoid, so keep reading to learn the dos and donts of crypto trading in 2019.
Stop loss/take profit placement
Always avoid overtrading
Diversification
Putting too much money in too soon
FOMO
The key to trading crypto
Each of these points is actually necessary but I do not really think that people would follow this thread to start with their trading. I think that people can learn most from their experience. They would always keep on learning from the actual trades they perform. Like, at the first time, they would not set up a stop-loss which would make them have excess loss only because they price moved in the reversal direction much faster. They would than set up a stop-loss from the second order. The same would be followed for each of the 5 points you mention.
Newbies might just come to know about these precautions to be taken before starting to trade but they would not actually follow these until they personally feel need for those.