4. Stay focused on the long term
This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades.
It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses.
Newbie traders need to learn a lot more because crypto is so complex,
apart from that deciding to trade at the time of the hype I don't think is a good decision,
because it is precisely when the market is bear that is the right time to buy coins.
Even experienced ones do really suffer out with that kind of fear on which when the market is plumetting then it cant really be avoided for you to be in fear that this market would be going to the floor and you would be losing on your investments.Come to think that as long you arent selling then it cant really be considered out as a total loss.Overcoming your fears is a must but this is the thing you would be able to control it out
on the time that you do gain up sufficient experience here on the market.You cant really make yourself directly able to learn on whats around specially when you are a noob but on the time
that you are gaining sufficient experience then you do know the diffence.