Mistakes 1–5: Before Entering
- 1. Skipping DYOR — Buying because someone recommended it.
- 2. Going all in — Putting all your money into one coin.
- 3. Investing borrowed money — Never do this.
- 4. Starting with obscure coins — Start with BTC and ETH.
- 5. Having no clear strategy — Trading on intuition.
Mistakes 6–10: When Buying
- 6. Chasing a rally through FOMO — Buying a coin that has already risen 10×.
- 7. Averaging down — Repeatedly buying more during a decline.
- 8. Failing to set a stop-loss
- 9. Using excessive leverage
- 10. Choosing the wrong time — Trading while busy.
Mistakes 11–15: While Holding
- 11. Chart addiction — Checking every minute.
- 12. Having no target price — Not knowing when to sell.
- 13. Relying on social media — Trusting only what YouTubers say.
- 14. Confirmation bias — Searching only for good news.
- 15. Ignoring the portfolio — Failing to diversify.
Mistakes 16–20: When Selling
- 16. Failing to take profits — “It will go higher.”
- 17. Panic selling — Dumping holdings at the bottom during a crash.
- 18. Revenge trading — Trying to recover losses.
- 19. Ignoring taxes
- 20. Keeping no records — A trading journal is essential.
✅ The Solution
The guide attributes all these mistakes to emotion and claims that emotionless AI trading avoids them.