A lot of new traders make this mistake. They try to master everything and use them all at once. Although there is nothing wrong with learning everything possible, one should ensure they do not overdo things at all times. If you need to use only one or two indicators, you shouldn't use more than that with the hope that you might do better that way. Excessive use of anything can ruin the essence and affect the results.

I have also witnessed a lot of newbie investors over-diversifying their portfolios. We often say that diversification is a good thing and one shouldn't keep all their eggs in one basket, but this doesn't mean one should have 20 different tokens with $10 invested in each with a $200 capital. That is too much, and similarly, if you use two many indicators and strategies at once, you will only confuse yourself and ruin your trades.