Log in

Save 23% ($351) & Get a Free 1-1 Call with our Team ⏰ : 0d 2h 59m 45s

Home
Research
Analysis
Community
  1. Cryptonary
  2. Crypto School
  3. Guide: Common Trading Mistakes
Guide

Guide: Common Trading Mistakes

Updated: May 22, 2025
Published: Dec 4, 2020
0
Share:

Thomas J. Watson used to say, “If you want to increase your success rate, double your failure rate.” Crypto traders know that Watson’s words are nothing but the truth. With the recent crypto-trading boom, the idea of trading being “easy” has become increasingly popular. After a few months, people start to realise that the process of becoming a profitable trader is extremely difficult. Only those who accept that failure is the key to success and that common trading mistakes teach us something to have a higher probability of making it to the end.

Post Feature Image

Here are the most common trading mistakes committed by crypto traders during the first learning stages: 

  1. Choosing the right exchange: Smaller and riskier exchanges are always trying to get new customers with juicy features or the listing of the “million dollar coin.”. When starting in the trading game, investors must carefully evaluate the coins offered, the exchange’s liquidity, customer support, ease of use, trading fees, and, more importantly, the security features.  High security, high liquidity, a friendly interface, and low fees are the key elements to watch. 
  2. Put all the eggs in one basket. As the crypto market is very volatile and no-one can predict the future, putting all your funds

Our Top Picks:

DOGWIFHAT

DOGWIFHAT

120,650%

SPX6900

SPX6900

17,000%

POPCAT

POPCAT

66,567%

PENDLE

PENDLE

5,002%

SOLANA

SOLANA

2,500%

HYPE

HYPE

1,740%

Don’t miss our next 100X

Trusted by 230K+ investors

in a single digital coin is suicide. Expectations of becoming rich overnight by investing in a single coin can play with your head, but it is a costly mistake. 
  • Targeting emotions: a trader must be able to control its demons, as the market does not care how you feel. FOMO and FUD can play with your emotions if you are not mature enough to understand how crypto’s price action acts. 
  • Not understanding the order book: complicated order books are the first thing traders must encounter after deciding where to buy or sell a cryptocurrency. Every investor should take time to understand how each order book works. Many exchanges (at least the most reliable ones) offer online support and guidelines for beginners, make sure you check them! 
  • Overtrading: The habit of not following your initial strategy or simply being brainwashed by FOMO and FUD, can lead you to open more positions than you should. In order to avoid this, evaluate each trade carefully, and remember not to press any buttons until your trading checklist is validated!
  • Avoid these common trading mistakes to improve your success in the market! Learn more about effective trading strategies and risk management with Cryptonary today.

    Continue reading by joining Cryptonary Pro

    Save 23%

    $1,548 $1,197/year

    Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

    VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

    For your security, all orders are processed on a secured server.

    As a Cryptonary Pro subscriber, you also get:

    • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms

    • 24/7 access to experts with 50+ years’ experience

    • All of our top token picks for 2025

    • On hand technical analysis on any token of your choice

    • Weekly livestreams & ask us anything with the team

    • Daily insights on Macro, Mechanics, and On-chain

    • Curated list of top upcoming airdrops (free money)

    3X Value Guarantee

    If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

    Terms & Conditions apply

    Star

    Trusted by 300,000+ investors

    Our track record speaks for itself

    With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

    Our track record speaks for itself

    With over 2.4M tokens and widespread misinformation in crypto, we cut
    through the noise and consistently find winning assets.

    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    • Token
    /images/advertorial/corpcomm1.webp
    /images/advertorial/corpcomm2.webp
    /images/advertorial/corpcomm3.webp
    /images/advertorial/corpcomm4.webp
    /images/advertorial/corpcomm5.webp
    /images/advertorial/corpcomm6.webp
    /images/advertorial/corpcomm1.webp
    /images/advertorial/corpcomm2.webp
    /images/advertorial/corpcomm3.webp
    /images/advertorial/corpcomm4.webp
    /images/advertorial/corpcomm5.webp
    /images/advertorial/corpcomm6.webp
    /images/advertorial/corpcomm1.webp
    /images/advertorial/corpcomm2.webp
    /images/advertorial/corpcomm3.webp
    /images/advertorial/corpcomm4.webp
    /images/advertorial/corpcomm5.webp
    /images/advertorial/corpcomm6.webp

    Frequently Asked Questions

    Can I trust Cryptonary's calls?

    Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

    Do I need to be an experienced trader or investor to benefit?

    No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

    What makes Cryptonary different from free crypto content on YouTube or Twitter?

    Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

    Why is there no trial or refund policy?

    We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

    Do I get direct access to the Cryptonary team?

    Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

    How often is content updated?

    Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

    How does the 3X Value Guarantee work?

    We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

    Terms
    Recommended from Cryptonary
    Market Update: Macro Risks Signal Further Downside
    PRO
    Market Updates
    Market Update: Macro Risks Signal F...Earlier in the week, we had a lot of questions about whether we still see the $50k-$60k level being ...
    11 min read
    Mar 27, 2026
    “The Everything Exchange” and Its Unprecedented Equity Bet
    PRO
    Research Report
    “The Everything Exchange” and Its U...Another free money drop! We covered how to qualify for this airdrop in our previous report. This pie...
    18 min read
    Mar 25, 2026
    BTC, ETH and More: Crypto Structure Diverges, Bitcoin Remains Fragile
    PRO
    Market Direction
    BTC, ETH and More: Crypto Structure...Over the past week, downside played out where expected, but follow-through has been inconsistent, wi...
    11 min read
    Mar 24, 2026
    A Breakdown of (Micro)Strategy’s Latest Financial Instrument
    Research Report
    A Breakdown of (Micro)Strategy’s La...Strategy has built the most aggressive corporate Bitcoin treasury in history, holding 762,099 BTC wo...
    17 min read
    Apr 1, 2026
    BTC, ETH and More: Short-Term Upside Liquidity in Play
    PRO
    Market Direction
    BTC, ETH and More: Short-Term Upsid...Markets are pausing at key levels, and the next move is starting to take shape. After completing the...
    13 min read
    Mar 31, 2026
    Market Update: Fed in a Bind & Bitcoin at a Breaking Point
    PRO
    Market Updates
    Market Update: Fed in a Bind & Bitc...Markets are turning fragile as escalating Middle East tensions drive a clear risk-off shift, tighten...
    8 min read
    Mar 30, 2026
    Market Update: Macro Risks Signal Further Downside
    PRO
    Market Updates
    Market Update: Macro Risks Signal F...Earlier in the week, we had a lot of questions about whether we still see the $50k-$60k level being ...
    11 min read
    Mar 27, 2026
    “The Everything Exchange” and Its Unprecedented Equity Bet
    PRO
    Research Report
    “The Everything Exchange” and Its U...Another free money drop! We covered how to qualify for this airdrop in our previous report. This pie...
    18 min read
    Mar 25, 2026
    BTC, ETH and More: Crypto Structure Diverges, Bitcoin Remains Fragile
    PRO
    Market Direction
    BTC, ETH and More: Crypto Structure...Over the past week, downside played out where expected, but follow-through has been inconsistent, wi...
    11 min read
    Mar 24, 2026
    A Breakdown of (Micro)Strategy’s Latest Financial Instrument
    Research Report
    A Breakdown of (Micro)Strategy’s La...Strategy has built the most aggressive corporate Bitcoin treasury in history, holding 762,099 BTC wo...
    17 min read
    Apr 1, 2026
    BTC, ETH and More: Short-Term Upside Liquidity in Play
    PRO
    Market Direction
    BTC, ETH and More: Short-Term Upsid...Markets are pausing at key levels, and the next move is starting to take shape. After completing the...
    13 min read
    Mar 31, 2026
    Market Update: Fed in a Bind & Bitcoin at a Breaking Point
    PRO
    Market Updates
    Market Update: Fed in a Bind & Bitc...Markets are turning fragile as escalating Middle East tensions drive a clear risk-off shift, tighten...
    8 min read
    Mar 30, 2026
    Market Update: Macro Risks Signal Further Downside
    PRO
    Market Updates
    Market Update: Macro Risks Signal F...Earlier in the week, we had a lot of questions about whether we still see the $50k-$60k level being ...
    11 min read
    Mar 27, 2026
    “The Everything Exchange” and Its Unprecedented Equity Bet
    PRO
    Research Report
    “The Everything Exchange” and Its U...Another free money drop! We covered how to qualify for this airdrop in our previous report. This pie...
    18 min read
    Mar 25, 2026
    BTC, ETH and More: Crypto Structure Diverges, Bitcoin Remains Fragile
    PRO
    Market Direction
    BTC, ETH and More: Crypto Structure...Over the past week, downside played out where expected, but follow-through has been inconsistent, wi...
    11 min read
    Mar 24, 2026
    Research
    Top PicksDeep DivesPassive IncomeAirdrop ReportsMemecoins
    Analysis
    Market UpdatesMarket DirectionMarket PulseLivestreams
    Tools
    Market DirectionAssets & PicksAirdropsPortfolio Tracker
    Cryptonary
    Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for usTeam
    Stay connected
    Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

    popupimage
    Our Latest Utility Token Research ReportPreviously locked for Pro members, now available to read in full.
    • tickThe utility token we're tracking closely
    • tickWhy we believe it's still early in the cycle
    • tickWhat we're watching to confirm a structural shift
    ​
    Germany

    No spam. No hype. Just the research.