Avoid 15 Basic Mistakes in Cryptocurrency Trading:
1. Rushing to enter the market.
2. Buying coins during a bullish surge and selling during a bearish drop.
3. No stop-loss plan, allowing losses to expand.
4. Overtrading, leading to skyrocketing costs due to frequent buying and selling.
5. Blindly following trends without a personal investment logic.
6. Ignoring fundamental analysis and relying solely on technical analysis.
7. Making emotional decisions during market fluctuations instead of based on rational analysis.
8. Over-leveraging, increasing unnecessary risks.
9. Ignoring market cycles and going against the trend.
10. Not learning or summarizing, repeating the same mistakes.
11. Focusing only on short-term gains while ignoring long-term value.
12. Reacting after news is released instead of positioning in advance.
13. Not setting profit-taking points, leading to profit erosion.
14. Being greedy at high prices and fearful at low prices.
15. Not tracking the latest developments of the held cryptocurrencies, being slow to react to changes in direction.