Quote Originally Posted by Newbie_trader View Post
The terrible mistakes that newbie traders usually do is lack of a contingency plan. Planning is very crucial in crypto trading, it is not only gives us a profit, but also minimize loses.
We shouldn't only focus on earning profit. It is also helpful if we give importance on limiting our losses. We may not profit on every trade we do but at least, putting a limit on our losses will serve as our signal to stop and rest for the day. One of the most common mistakes is that they don't know when to stop trading.