Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
Shitcoins have no future and we often see them lose their place in the market after being listed.
Another concern when trading with shitcoins for the long term or medium term is losing their purchase price which will make people suffer losses.
There are some people who use shitcoins for the short term and they sell after making a profit of 30% to 50% but what needs to be understood is that they understand the conditions and risks.
It is better to trade with potential coins that have a good future because even though the movement is slow but there is certainty of appropriate profits, rather than betting on shitcoins that will eventually be delisted from exchanges.