5 Mistakes beginners make
1) Cut losses quickly
This is the most important trading rule. When you are in a loosing trade, sell it and accept the loss, it is worth it. You won't loose more money and you will be able to find some profitable opportunities.2) Not using bigger time frames
Bigger time frames show you the history of price action and they tell you the current trend. You must know the history of price action because history repeats itself and you must know the current trend because then you will be able to discover wether the trend will continue or reverse. Always make sure to start big and then zoom out. Indicators on bigger time frames are important too because they give you more accurate and powerful signals.3) Don’t overtrade
Always have control over your fees. When I started trading I always bought some coins for like 5 minutes and thought it would jump up but it never did. After realising how much I have lost on fees I was thinking about why I let it happen so that next time I will remember it more and that I won’t ever do it again. Why would you buy a coin that’s going sideways and then sell it for something else because it didn't move? There are many profitable coins that you can find. You just need to keep finding until you actually find them. Don't simply buy something and hope it will go up. That is emotional trading and you don't want to use your emotions while trading. You must use your knowledge and skills to trade profitably and consistently.4) Playing one strategy over and over
Different people have different personalities which means everyone trades differently. If you use only 1 strategy and it works Great! but try to experience other trading styles. You can find some new style or strategy that will work better and you will know what other traders are looking at. It's good to know how other people think because then you are able to be 1 or more steps ahead them.5) Using indicators that you don’t need yet
If you have just started trading don’t use indicators and learn to chart “naked”. In other words chart without using any indicators. Just use the price action and your drawing tools. This is what I did and now I can trade comfortably with only that . After mastering "naked" charting can start studying some indicators in-depts so that you can know how to use their full potential. Remember that indicators only indicate and they should not be allowed to dictate!
BONUS
6) Never chase anything
Always have a plan. If something went up a lot, never buy it because you think it will go higher. If you have no reason to buy it then just don’t. I have lost most of my money by chasing cryptocurrencies. It’s not worth it. Now every time I see a coin that is mooning I will wonder why I missed it and then I analyse why the coin spiked so that next time I will know what to look for.
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Thank you for your advice @patrik.malinsky