As a beginner I often made the same mistake but what I learned is to divide my money in to three phases and buy at peak, middle and low positions. So my loss will be compensated.

Last night, I decided to dip my toes into cryptocurrency trading. I had done a bit of research and felt confident enough to start small. I bought into a trending coin after seeing it spike, thinking it would keep climbing.

But I didn’t set a stop loss. Big mistake. Overnight, the market turned, and I watched my $200 investment drop to $120. Panic set in, and I sold out to cut my losses.

The next day? The coin rebounded. If I’d held my position or had a plan I wouldn’t have lost money.

Lesson learned: never trade without a strategy. The crypto market doesn’t forgive impulsive moves.