Quote from: Sebastian Michaelis on January 05, 2025, 12:38:33 PM

Hi Amigos

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.

Mistake #2:
Avoid overtrading at all costs.
Just because you’ve exited a trade—whether it was profitable or not—doesn’t mean you should immediately jump into another one. Sometimes not trading at all is a win in itself.
Excessive trading increases your chances of losses and drains your focus and patience.

Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!

that's my 3 mistakes , What's yours ?

From these mistakes you have made in the past, we are still seeing many traders making the same mistakes without realizing. Trading is more of time devoted in planning and strategizing so there could be enough trading patterns that could help to make money in the market. Those that understand how to incorporate technical analysis and fundamental which is the news aspect would have a quick decision and more profits strategy than just depending on technical aspects which could not be reliable when used alone without other strategies incorporated.
Using the news to make trading decision is very important and this is one of the profitable way to make money from the market. Those that understand the market would never joke with the fundamental aspect of trading.