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.
But surprisingly these shitcoins are really that having that soo much interest and even on how shit it is but still it is really that making that huge volume on which this really that indicates that there's so much interest into it because if we do base up on the volume that it do makes then you can tell that its not shocking that people will really be having that interest. If you are really just that new into this market then you would really be that normally having this kind of perseverance because you do want to make easy profits and since you dont have that sufficient experience and awareness then you will be definitely be that dealing up with it. So for those who are experienced when it comes into this market then you do already have the idea on what you should gonna do.
Mistakes are common here on this market the thing here is on the moment that you do get that sufficient awareness and experience then you can really be able to make out adjustments. So it will really be that up to you on how you do really make out such adjustments. It will really be just that impossible that you cant be able to make these kind of adjustments on the moment that you are already wary on how things do works. Dont make yourself that trying out to chase on making money or having that kind of urge because you will be ending up on having that kind of bad approach towards things.