Getting started in crypto is exciting, but many newcomers lose money because of avoidable mistakes. Here are the top 5 traps you should watch out for:

1️⃣ Chasing Pumps

Jumping into a coin just because it’s pumping often ends with buying at the top.

2️⃣ Ignoring Risk Management

Never risk your entire portfolio on a single trade. Always set stop-losses.

3️⃣ Overtrading Due to FOMO

Constantly entering/exiting trades leads to emotional decisions and quick losses.

4️⃣ No Diversification

Putting all funds in one coin is dangerous. Spread risk across solid projects.

5️⃣ Following Hype Without Research

Don’t trust every tweet or Telegram signal. DYOR (Do Your Own Research) is key.

💡 Pro Tip: Treat trading like a marathon, not a sprint. Focus on learning, not quick wins.