*COMMON MISTAKE A NEWBIE MAKES IN CRYPTO* *AIRDROP NEXUS:* *1. Not doing your research: Trust me when I say doing your research on a project before buying isn’t as complex as people make it seem. Go to twitter and see what people are saying about it,check their twitter,discord or TG and see if they have a solid community,who are the founders behind the project,read their white papers and roadmap. These are some of the basic things to do when researching in crypto. It will save you a lot.* *2. ⁠Not taking security seriously: It is not just about making money in crypto. As you are working hard, hackers are also working hard. Sometimes even harder than you think. DO NOT click on random or malicious links. Never connect your main wallet to anything. Have a burner wallet you use for certain transactions and farming. Your main wallet is your main portfolio. Never connect it to anything.* *I know most of you don’t know how to create a wallet,we will get to that part.* ⁠ *3. Poor mindset: Yes, many newbies have the mindset of “I want to become a millionaire overnight.” They see crypto as a get rich quick scheme,so they make poor financial and trading decisions and end up losing it all.* *Let me tell you something, compounding is the best way to grow your portfolio. For example, if you make $10 profit from a $100 capital,in the next 60 days you will have over a $700 portfolio. Of courses, there will be a few loses but with this mindset, you don’t end up risking your entire portfolio on every trade.* *This is how you grow from having $100 to $500 to $5k to $50k and so on. This is a full time career and not a get rich quick scheme.* *Like I always say,crypto is the transfer of wealth from the impatient and ignorant ones to the patient and knowledgeable ones.* *Change your mindset and allow yourself to grow.* *4. Poor Risk Management: Newbies fail to understand that every dollar counts. I have seen people put all their portfolio in a memecoin and lost everything. No risk management.* *No exit plan. Just gambling.* *Before you take any trade,ask yourself;* - *If this trade goes against me,what zone do I cut loss?* - *When do I sell?* - *What portion of my portfolio am I willing to risk on this trade?* - *Is it too late to enter this trade or not?* *Always remember that if you lose all your money and go back to zero, you will miss a lot of opportunities to trade and make more money. Learn proper risk management.* *Frens,are you journaling?* *5. FOMO: You should be familiar with this terminology by now, but in case you don’t, it is the Fear Of Missing Out.* *Let me tell you something,there are over a billion opportunities in crypto. And there will always be more. If you don’t get in early,let it go and position yourself for the next play.* *Try your best not to be an exit liquidity.* *6. Emotional attachment to your bags: Many noobs are so attached to a project that they don’t know exactly when to move on.* *Loses are inevitable but can be minimal if you know what you are doing. You are not the dev. Know when to move on from one project. Do you know that you can cut loss from a coin and use that money to make it back on another project? Yes!* *But if you are emotionally attached to your bags,you will become a bag holder.* *7. Not Taking Profits: Noobs often see profits and not take it because they think coins will always go up.* *No,this is a financial market. We have sellers and buyers. Once they are more buyers,price goes up and once they are more sellers,price goes down.* *It is simple maths.* *I can give you signals(I definitely will), I can give you alphas,I can tell you when to buy but when to sell in on you. It is between you and your greed.* *How to take profits?* *For example; If you buy a token with $100 and it does a 2x, that means you have multiplied your investment. As a smart trader,take out $100(Your capital) and leave the rest to moon. Keep taking profits on the way up.* *This way,even if the token rugs or they later dump,you are sure that your capital is preserved for the next play.* *Taking profit to buy another token is not really taking profits. Take profits in USDT and use your profits to change your life.* *Don’t be that guy or girl that keep making money, taking screenshots but round tripping back to zero with nothing to show for it.* *KEY NOTE: IF YOU SEE PROFIT AND YOU DON’T TAKE IT, SOMEONE ELSE WILL.* *TAKE PROFITS AGGRESSIVELY!!!*