Let’s keep going with our quick guide so you can avoid the most common rookie mistakes 👇
❌ Mistake #4: Going all in on a single token
You see someone score big — and boom, your whole balance goes into the first meme coin that catches your eye. After that… it's either to the moon or straight to tears.
✅ What to do:
Break up your capital. Use no more than 5–10% of your funds on a single trade. Keep the rest in reserve for new opportunities or averaging down.
❌ Mistake #5: Ignoring network fees and slippage
You spend $50 on a token, pay $15 in gas, and another $10 gets eaten by slippage — just like that, your profit’s gone. Sound familiar?
✅ What to do:
Always check the network fees beforehand (especially on ETH), and set a reasonable slippage. Sometimes it’s better to wait or use a different chain if gas fees are too high.
Hope these tips help you trade smarter! 💚
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