3 Deadly Mistakes When Starting Trading – Don't Let Your Money Die in Vain

To all newcomers in the market: if you are just starting your journey to make money from crypto or any other market, take 2 minutes to stop and read this article carefully. The three mistakes below have caused thousands of people to “lose” their accounts — and you need to avoid them before it’s too late.

1. FOMO According to Green Candles – The Biggest Mistake of Beginners See a coin pumping strongly and immediately jump in to buy? That is exactly the FOMO instinct that market makers love to “exploit.” In reality, most strong pumps are liquidity traps. When you just bought, the price suddenly drops sharply, while the big players comfortably withdraw their funds. 👉 Remember: Buying when the market is euphoric = putting yourself in the highest position. Be patient and wait for a correction. “Buy when afraid, sell when greedy” — sounds simple but is the golden rule.
2. Trading Without a Plan – The Fastest Path to Account Burnout Many people buy and sell just because: “Someone said this coin is about to increase,” “The chart looks beautiful,” or worse… “I feel today will be a winning day.” This is the fastest way to lose. A true trader always has a plan before placing an order: Entry point: when is the price reasonable?Stop loss: how much loss is acceptable?Take profit: what profit target do you expect?Is the R:R ratio reasonable? Trading is not a guessing game, but a game of discipline and numbers.
3. Overtrade – Trying to Catch Every Wave Leads to Losses Many think: “The more I trade, the more I earn.” The truth is completely the opposite. Overtrading causes you to: Be tired, lose focusDecide emotionallyEnter poor-quality tradesHigh trading feesRapid account erosion 👉 Remember: Not every opportunity is worth entering. Fewer trades but with quality are always better than many meaningless ones. Want to Make Money in Trading? Start by Avoiding Mistakes 👉 Develop mental resilience 👉 Follow your strategy 👉 Carefully select signals 👉 And most importantly: stop the 3 mistakes above You don’t need to be perfect from the start — just avoid the mistakes that cause most traders to lose money. Maintain discipline today, and profits will come tomorrow. Protect your capital first, earn money later — that is the mindset of those who build wealth from the market.