Let’s be honest – in crypto, everyone thinks they’re a genius in a bull market. But when the cycle flips, mistakes get exposed and they’re usually the same ones, over and over again.

Whether you’re new to the game or you’ve been around since $DOGE was a joke, these are 10 common trading mistakes that can wreck your portfolio (and your peace of mind).

1. FOMO Buying With No Exit Plan

You see a token pumping 70% on the daily, and your brain screams: “Buy now before it hits 100x!”
You ape in… but then what?

Buying without an exit plan is a recipe for getting stuck at the top. Every entry should come with a plan: where you’ll take profit, where you’ll cut losses, and how long you’re willing to hold.

2. Trading Based on Tweets and Group Chats

Someone on X said a coin is “the next Cardano or Bitcoin”? Cool story.
But if you don’t check the chart, volume, liquidity, and narrative momentum, you’re just gambling based on someone else’s bags.

Signals > noise. Always DYOR. And don’t forget to use tools that give you a full picture of your tokens, not just the hype.

3. Holding Forever Without a Thesis

Hodling is a strategy, but only if you understand why you’re holding.
Holding a project long-term without re-evaluating fundamentals or ecosystem activity is blind loyalty, not conviction.

Thesis-driven investing > emotional attachment. Keeping tabs on ecosystem trends and real-time project performance (like via Tokeo’s Explorer and Insights tabs) helps.

4. Ignoring Fees and Slippage

That “cheap” swap you did on-chain? You actually lost 4% to slippage and gas.
It adds up ,especially on smaller-cap tokens or high-fee chains.

Always double-check before you confirm. Tools like Tokeo’s in-app swaps can help you trade smarter without hopping across tabs and trackers.

5. Overexposing to One Narrative

Whether it’s AI coins, memecoins, BTCFi or L2s, going all-in on a single hype wave leaves you vulnerable to rotation.
Crypto moves fast. Narratives burn out. Diversify across themes, not just tokens.

(And if you’re multichain, track across ecosystems in one wallet, like Tokeo does.)

6. Falling in Love With Illiquid Tokens

That rare gem you bought on a DEX looks great on your portfolio tracker… until you try to sell and there’s no liquidity.

Don’t just check price — check volume, pools, and sell depth.

7. Leaving Bags on Centralized Exchanges

Say it with us: “Not your keys, not your coins.”
Exchanges go down. Get hacked. Freeze withdrawals.

Use a self-custody wallet like Tokeo (Download here), and your funds stay yours, across Bitcoin, Cardano, and beyond.

8. Ignoring Tokenomics and Unlock Schedules

Low market cap? Great. But what’s the fully diluted value (FDV)?
Are 90% of the tokens still locked and coming to market soon?

Tokenomics can make or break a project, and your position.

9. Letting Emotions Lead

This one’s simple:

• Greed makes you buy late.

• Fear makes you sell early.

• Hope makes you hold too long.

Your biggest enemy isn’t the market, it’s your own reaction to it. Use data, not vibes.

10. Not Tracking Your PnL or Portfolio

If you don’t know how your bags are performing, you’re trading blind.
Use a wallet that shows your real-time token values, cross-chain holdings, and trends in one place.
Tokeo’s Portfolio and Insights tabs make it easy to know what’s winning, what’s bleeding, and what needs attention.

Because your gains shouldn’t depend on guesswork.

Final Thoughts

Everyone makes mistakes, the difference is whether you learn from them or repeat them.

Crypto doesn’t forgive carelessness, but it rewards clarity.
Stay sharp. Trade smart. And stack conviction, not just coins.