mm crypto trading mistakes

 Unwillingness to study the situation on your own

Anyway, it is you who will spend your money on buying cryptocurrencies. If you do not understand the product and its value, but only listen to "experts" from Medium, Twitter or Slack, who tell everyone when to buy and sell currency, you will get into big trouble and lose a lot of money.

You should join crypto quantum leap 

Crypto course and be successful in crypto field with digistore money back guarantee

If your decision to buy a currency depends on the opinion of someone else, then you will have to rely on this opinion and when selling. Do not be a layman. Explore the market in which you work.

Following excitement, emotions and unconfirmed information in decision-making

Admittedly, avoiding this mistake can be difficult, especially if you follow the news from the world of cryptocurrency on Twitter with messages like "ABOUT THE LORD, THE COURSE IS GROWING ALL BUYING" or "So it seems that bitcoin has come to an end, it's better to sell."

Let there be some truth in these reports; it is physically impossible to follow everything at once and, in general, the most patient ones still win.

No one in Telegram chats will spread REAL insiders (private information about the prospects of pricing); moreover, even advertised paid channels often give more erroneous information than true. Rely primarily on your experience and recheck the incoming data. And, if you have a plan of action, thought out in advance, it can be fatal to depart from it by shifting moods.

Sales at peak prices

"This is not the maximum, hold and do not sell," advised experienced investors. The point is that you never know how much a particular token will grow.

For example, if you bought bitcoin for $100, you probably experienced an incredible desire to sell it when it jumped to $ 1000. But today you would have regretted it a lot: the ether is already trading above $ 9,000.

For selling cryptocurrency, you need a strategy. Set a goal and strive for it, no matter what. Yes, with the fall of the market it will be incredibly difficult to look at how money flows. But is it worth to panic and sell everything at once? The answer is one: no.