Too Long; Didn't Read
Amateur cryptocurrency traders often make the mistake of entering and exiting positions without much forethought or planning. The only way to avoid impulse purchases and panic selling are to ensure that every transaction has a purpose and is in line with your risk appetite. Do not trade with money that you cannot afford to lose, and set price and time targets before opening a new trade. Don't get carried away by hype, fear of missing out (FOMO) and FOMO are common mistakes made by amateur traders.