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Good evening, a couple days ago I talked about some things that are encouraged to avoid in our trading life. I addressed some very obvious issues that we can face while trading. Also things that can actually put us behind. In it I discussed some simple financial terms which are very common in terms of financial tips. But those were regarded towards the stock market. But I tried to translate them in crypto language because truth be told those same things also apply here as well. Today I would like to address a few other elements that we can look out for. And these will be more crypto-focused stuff. And not translated from general financial tips. Also, I would like to review to write that none of this is financial suggestion and more. I am just getting you to use these ideas. These are not really points that you can do research on by yourself. And then you could decide on your own.

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![1000033677.jpg](https://files.peakd.com/file/peakd-hive/abrar-fahim/23uQNeQZf8UjGVe7Usw4vx4n5g6ExKMXr2Q3Y5rdv7ReJNEYoeo3cDaQijJTYg8tNpxXK.jpg)
[Source](https://www.pexels.com/photo/gold-coins-on-the-laptop-6780789/)

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A common mistake many of us make is Target for short-term returns. We expect to buy crypto and then cash in profits in a few days. While that happens from time to time it is not sustainable. Occasional pumps aside 2 or 3 days cannot really decide how the crypto will perform. Besides this strategy can backfire entirely if you see a loss continuing for 2 or 3 days and then you just sell out of panic. And now you've lost money. We should avoid such short-term policies unless there is a substantial pump to be taken advantage of. 

Then there comes something which you have to build your mentality around. Not all crypto will do well. And sometimes economic factors play a good part in what might happen to a certain coin. So things can go sideways easily. But if we actually do our research before flying into it, then there is less chance of facing that particular situation. Even still, given all your research is solid. Things can happen, and all those promises might not come to fruition. In that case, that crypto might not be viable any more. In this situation, we should make up our mind subjectively and move in to minimize our losses instead of holding on for a better future.

At the end of the day the famous saying remains true. Time in the market will always be better than timing the market. Joy, yes, maybe we could put some fans aside, play a little and make some risk builds on some emerging crypto. But for broad investments, I believe we should stick to some general research and avoid doing some really common mistakes which could cost us quite a lot.

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