When I first entered the world of cryptocurrency trading, I was filled with excitement and the promise of quick profits.

But like many newbies, I quickly realized that there is much more to trading than just buying a coin and waiting for it to PUMP.

If only I had known then what I know now, I would have avoided some costly mistakes.

Here’s what I’ve learned about what not to do as a beginner in crypto trading—lessons I wish someone had told me from the start.

1. Don’t Buy Any Coin Before You Learn

Don't invest a dime, if you've not learnt enough!

When I started, Like every other newbie, I was eager to get in on the action. I jumped in right away and bought coins without really understanding what I was doing.

I saw people making money and didn’t want to miss out, so I bought whatever was trending.

Looking back now, i wish I had taken the time to learn about Understanding the blockchain technology, market trends, and the factors that influence coin prices.

Had I done my homework, I would have made more informed decisions and avoided some losses.

2. Avoid Trading Futures or Using Margin

In my early days, I heard about people making huge gains trading futures or using margin, and it seemed like a quick way to make money.

I was not informed about the risks involved and soon found out that these strategies could lead to substantial losses if you don’t know what you’re doing.

In simple terms: I fxxked around and found out, and it wasn't in the best way possible.

Now, I know that as a beginner, sticking to spot trading is safer until you have a solid understanding of market dynamics and risk management.

3. Do Not Fall for FOMO (Fear of Missing Out)

The fear of missing out is real, and it’s something I fell for time and time again, and sometimes even now I still do.

I saw prices skyrocketing and felt the urge to buy in, fearing I would miss the next big thing. When the market dipped, I panicked and sold at a loss.

I wish someone had told me to keep my emotions in check and not let FOMO drive my decisions.

The market is volatile, and chasing short-term trends can lead to bad choices. Instead, focus on your research and stick to your plan.

4. Do Not Diversify Too Much Too Soon

I made the mistake of trying to diversify my portfolio too early, thinking it was the smart thing to do.

I spread my investments across too many coins, most of which I hadn’t researched well. This led to confusion and diluted my potential gains.

I learned that diversification is important, but only when you have a clear understanding of the coins you’re investing in.

Start with a few well-researched assets and gr adually expand your portfolio as you gain more confidence and experience.

5. Don’t Buy the Big Guys

Everyone falls for this trap, please DONT!

When I first started, I was drawn to the big guns like $BNB, $BTC, and $ETH.

They seemed like safe bets because of their reputation and stability in the market.

However, I realized that while they are less volatile and carry less risk, they also offer smaller profit margins compared to smaller, emerging coins.

My first big blow came when I dived into smaller projects back then, I caught them young and went all in. Projects like $wink ,$sc, even $bnb when it was still below $100.

So, As a beginner, it’s essential to build your portfolio with coins that have growth potential but also balance out risk.

Diving into the big names can tie up your capital without offering significant short-term returns.

I wish I had focused more on understanding smaller projects and their potential for growth rather than just following the crowd into the big coins.

Here is what you should take away

If there’s one thing I’ve learned, it’s that successful cryptocurrency trading isn’t about getting lucky or following the crowd.

It’s about doing your homework, managing risks, and staying disciplined.

I made plenty of mistakes when I started, but each one taught me valuable lessons that have shaped me into a more informed and cautious trader.

If you’re new to this, take it slow, learn as much as you can, and avoid the traps I fell into.

Remember, every expert was once a beginner—give yourself the time to learn and grow.