Most Common Mistakes We Make When Crypto Trading

We all learned that the crypto market is extremely volatile with crazy swings in just a few moments. That is why is very important to address the most common mistakes even experienced traders make so you could be better at trading.

• Pump and Dump phenomenon – This usually happens with coins that are not so popular with low volumes where some individuals with a lot of capital are capable in creating this huge swings just in order to cash out rapidly. It is usually great when you see a rising sign shooting up confidently but maybe is a good idea to avoid buying a coin when you see that the charts are showing constant rise movement in a very short time frame because you just might be buying when the coin is about to take a huge dip. These mistakes happen because investors with deep pockets previously pumped the price so high for a quick profit.
• Typo mistakes – This may some funny to some but it’s an actual problem. People tend to sell their coins at a very low price because of a typo mistake or because of misreading.
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  It’s very easy to write 0.0005 instead of 0.005 and a simple zero can cost you a lot of your funds. While you see what you’ve done it will be too late. So take your time and double check everything.
• Overtrading– A lot of people spoiled all the gains they made because they wanted to make a quick profit just because the price of a coin grew for 5% in value and they want to cash out fast.