At this stage, all it takes is one wrong decision for you to exit the game and find yourself in a four-year struggle, learning the hard way.
I am listing some of these mistakes here:
1- Switching between cryptocurrencies, selling the ones in loss and buying the ones rising. ❌
2- Fear and greed. ❌
3- Even if you manage to exit at the right time, the market will tempt you to re-enter. ❌
4- Futures trading. ❌
5- Chasing quick wealth dreams, meme coins, hoping for 100X returns, ICOs, or locking up your currencies for a long period through staking, which may cause you to miss out on selling at the right time. ❌
6- Failing to stick to your targets and changing your plan and strategy at this critical stage of the market. ❌
7- Letting go of caution and neglecting risk management. ❌
8- Re-entering the market after an exit during a correction, hoping the correction is over, and adding more funds with each dip, especially when the trend starts reversing. ❌
May Allah grant us all success, Ameen.
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