I'm new to the crypto market. When I first got into it, I lost money due to greed, anxiety, and immediacy. I've learned a bit from this, and I see some people here in the same situation. So, here are some tips:
Greed: If you want to have money in your pocket, when you have already made a profit, even if it's small, put it in your pocket. And if the currency has stretched and appreciated a lot, don't buy when it's high, thinking it will appreciate as much as it has already appreciated. Also, never invest your daily income in search of high profits, it can harm you.
Anxiety: If you bought at a certain price and have already seen your capital drop 10%, 20% or even more, you will only suffer losses if you get anxious and sell when it drops. The ideal is to split your funds for eventual situations.
Immediacy: Some people want immediate profits, and the crypto world is extremely volatile. When they don't realize that they are making profits or that the currency has stopped rising, people sell at a loss, thinking that they will make money elsewhere. When they realize it, they have already lost 50% of their value and think that the currencies are bad.
That said, before you go out and take money that you can't spend, set aside the amount that you can use and that if there are any corrections, you can keep or put more in. I have never used emergency reserve money. And study a lot before investing any money. I hope this helps beginners.
