How are you? By Allah's grace, I'm doing very well. Today we will know which mistakes cannot be made at all while spot trading, first of all there are many of you who shift between trading while working in the airdrop sector. While doing airdrop, you fall in love with some project so much and buy the coins of that airdrop, you should never make this mistake. Because if a project airdrops and the user gets the coins in his hand, he will sell them immediately. And due to selling pressure, the price of the coin will easily drop by 70 to 80%, keep this in mind. If you have to buy the coin, then wait until it is sold and when the coin reaches a stable place, then go and buy it.

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Secondly, refrain from buying hype coins because coins that are in a lot of hype or that everyone is talking about cannot hold their position for a long time, such as Trump coin. If you can, buy at the beginning and come out with a profit, and if the hype goes away, then those coins cannot come back, then you must keep this in mind. The third mistake you make is trading in monitoring coins, if you pay attention, you will see that many coins have monitoring tags attached to them, and monitoring means that the exchanger can delist it at any time. If you buy these coins, your balance can be seriously damaged. Keep this in mind that the exchanger delists all the coins from which the exchanger cannot earn income.

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Then the fourth mistake you can make is trading in nonsense coins, keep one thing in mind, spot trading does not mean you are safe at all. Suppose you bought a coin that does not fall into the category of coins, that is, it has no use case or any kind of activity and that coin suddenly drops 50%-80% and does not go up again, what will you do? The solution to this problem is that you will trade in strong coins, even if the coin goes down, there will still be a chance to recover. The fifth mistake you make is that you cannot control yourself and trade with your entire fund, let's say you have $1000, you will usually divide the dollar into three parts and trade, where one part will be the backup fund. But suddenly one day you will think that if you trade with $100 and make a 10% profit, you will make a $100 profit and if you trade with $1000 and make a 10% profit, you will make a $100 profit. And when you think about taking more risk, you can make a huge loss and if the market suddenly goes down, then $1,000 will become $500 and because your trading fund is large, you will not want to put a stop loss because if you hit the stop loss, you will lose a lot, so you will act like a fool. I hope I have explained the matter well to you. Remember that there is always volatility in the crypto market, so before making any decision, do your own analysis and decide according to your own risk. Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.