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 ?
I have the same mistake as yours and mistake number 3. I started trading with a coin called pnut a few months ago after it was listed on the exchange. Initially, I had a fairly good profit and I made good profits in a few trades. After making good profits, I lost my passion there and was trading with that coin again and again. Then when the market conditions got a little bad, the coin I was trading with went into a very bad state and now I am in a huge loss. So I want to say that it is very risky to join trading with new coins after they are listed in the market.