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 ?
An inexperienced trader mainly makes the three mistakes above. Sometimes some traders are trending some tokens and trade them. It has been seen that many people trade when most Memecoins are trending and after trading for a few days the market suddenly dumps. In this situation a trader faces huge losses. Overtrading and trading with excessive greed are both important mistakes a trader can make.