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 #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!
Most traders tend to make mistakes number one and two. New traders usually invest in some shit coins for high profits with a small investment where there is no possibility of getting money after the investment. They get greedy and lose their investment. There are some who are temporarily profitable but do not withdraw and trust in them. At some point, when they lose a lot, they are not in a position to get a return on their investment.
Another tendency among new traders is that they invest quickly in some new listed coins and want to make a quick profit from them. But the results are not fruitful there. In most cases, what I see is that after investing in new coins, they cannot reach the price they invested in. Will those who bought Trump Coin for $70 be able to get the return.