Seven Deadly Trading Mistakes Every Rookie Makes
So you’ve created a Coinbase account, bought your first fraction of a bitcoin and followed up with half a litecoin. You’re now ready to become a cryptocurrency trader. You fire the lot over to an exchange where the first coin you purchase shoots up by 10% before you sell, smug in the knowledge that you’ve made it. Thanks to an inspired strategy of “Buy low, sell high”, you’re going all the way: the blue tick Twitter account, the audience of newbs hanging on your every call and the obligatory meme car in the driveway. It was all shaping up so well, until you went and committed one of the following rookie
Trading’s Deadliest Sins
The following advice will be sneered at by more seasoned traders, but hand on heart, who can say they have never committed any of the following? The mark of a great trader lies in their ability to learn from their rookie mistakes. To become great, first you must become humble, and there’s nothing more humbling than buying a pumped cryptocurrency at the top, bragging about the sick gains you’re about to make and then getting rekt.
source:
https://news.bitcoin.com/seven-deadly-trading-mistakes-every-rookie-makes/
