
Introduction
Crypto is exciting—but it’s also unforgiving. Here are the most common traps new traders fall into, and how to dodge them.
1. Chasing Pumps (FOMO Trading)
Buying because “everyone else is buying” often leads to buying the top. Instead, rely on data and plan entries ahead of time.
2. Overleveraging
Using excessive leverage can wipe you out fast. Start small. Preserve capital. Survive to trade another day.
3. Ignoring Risk Management
If you’re not using stop-losses or setting trade limits, you’re gambling—not trading.
4. Following Unverified “Gurus”
Many self-proclaimed experts are just lucky gamblers. Stick with platforms that vet signals and provide historical performance.
5. Emotionally Trading the News
Reacting to every tweet or headline leads to chaos. Let your strategy lead—not your emotions.
Takeaway
Every mistake is a lesson—but you don’t have to learn the hard way. Avoid these early pitfalls and start strong.
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