#cryptocurrency trading has become increasingly popular in recent years, and with it comes a variety of psychological #mistakes that can derail even the most experienced #traders .
❌ The most popular psychological mistakes in cryptocurrency trading.
1️⃣ Fear of missing out (FOMO): FOMO is one of the most common psychological mistakes in cryptocurrency trading. This occurs when traders cannot resist the urge to enter a trade for fear of losing potential profits.
2️⃣ Overconfidence: Overconfidence can lead traders to take excessive risks that they may not be able to handle, leading to heavy losses.
3️⃣ Greed: Greed is another common psychological mistake in cryptocurrency trading that causes traders to take excessive risks in pursuit of higher profits.
