Hello lovely people of Hive and leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends,  Crypto market is one of the most volatile market of the world where pump and dump is part and parcel of the market. Trading in crypto market is more tricky as a result majority of people who come in crypto world with big dream end their journey with big loss. 
![ADNi.png](https://files.peakd.com/file/peakd-hive/zartisht/ErJS6t1j-ADNi.png)
[source](https://leofinance.io)

One of the main reason of big loss is committing mistakes. We all do mistakes but there are few common mistakes which can be avoided. 

1) Stick with one coin. There is no need to stick with one coin. No, matter how the coin is always diversify your protfolio.  Laying egg in one basket will make things tough for you during bad patch of coin.  Diversifying your investment decrease the chances of loss. If one coin fail other perform well to compensate the loss. 

2) Keep your asset in centralized exchange.  Keep your asset in centralized instead of holding it in your wallet. Centralized exchange may block your funds any time. Better to have saving in your wallet and few coins on centralized exchange.

3) Lack of crypto understanding and knowledge. Many people fail because they don't have prior knowledge prior to joining crypto world.  It is important to  do Your own research. Your research is not only helpful to increase your understanding and awareness but it also save you from scam projects.   Learning is key in crypto market. Always try to improve your skill. Better understanding of technical analysis may help to make your trade more safe. 

4) Lack of reading white paper. White paper is an important document for any project.  Many people fail because they don't know about the tokenomics.  Reading white paper may help to understand the tokenomics of the project which may be helpful in good decision making.  

5). Follow influencer blindly. This is the common mistake majority of the new comers do. There is no need to follow any influencer blindly. Remember you are responsible for your profit and loss. Try to improve your learning skill. We are lucky to have leofinance community which is good source of learning and understanding crypto market.  

I hope you will find this post useful. This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.