My Mistakes in the Crypto Verse between 2020-23

My Crypto journey had a lot of ups and downs. Most people share only their wins, instead I wanna share my rookie mistakes.
 
Following the Wrong People 
One essential part of every crypto user is having a Twitter account. Crypto Twitter is a very toxic environment, where scammers thrive in your mistakes. 
Most Influencers on twitter will share some s**t coins, and than they will dump on you. If you see an Influencer shilling to many coins, unfollow him/her, cause they are getting paid to shill these coins. They always promise x100 return but the truth is they will profit out of you.
 
Buy on Red Days and don't FOMO
Never FOMO. NEVER. It never works. Before buying a coins, do your own research, don't FOMO into buying a single coin. Study an entry point, a support or resistance level and wait for it. None of these coins will cure cancer, so if you miss one it's not a big deal. 
There is one rule you should follow: buy when red, sell when green. That's it. You will outperform 90% of people.
 
Don't buy Dino Coins
If a coin did good during the previous cycle, it doesn't mean the next one will perform as well. A good example is ZEC.

ZEC will never hit all time high again. Never. It's a Dino Coin from 2017 and it could do x2 x3 in this cycle but it will never reach previous all time high.
There are always new shiny coins, and if you find the right one you will make some good money.
 
Take your losses. Move on.
You can't always win. It's almost impossible. Try to get a 70% win ratio and you will outperform most people.
 
Profit Taking
This is the most difficult part. At one point you will see your coins doing 3x 5x or even 10x. Don't forget to pay yourself. Don't ride it to zero. I rode Solana from 40$ to 250$ back to 8$. It hurts, I sold at break even and I hope you don't do my mistakes. 
 
Don't buy too Many Coins
Don't over complicate your portfolio. Buy 5 to 10 coins. A portfolio with too many assets is very hard to manage.
 
Don't Sell To Early
This is even most difficult than profit taking, but you have to put some effort and understand the market cycle. Understand where the market stands.
The market is a very emotional one, don't be emotional, don't let your emotion guide you, but be rational. I know it's very easy to say but hard to do. Overcome your emotions and win.
 
Don't Spend All Day Looking at Charts
Just avoid it. It's useless. It doesn't help. Choose your coins, study the charts, buy when you are comfortable buying and live with your wins and losses.
 
Don't Leverage
Don't short or long the market. It will ruin you. You may win, but then you start feeling you're invincible and oh boy oh boy the market will teach you in the hard way you are not. 
 
There are so many lessons the market will teach you, but these are some experiences I lived in the first place and I wanted to share them with you cause sometimes you will have good days, and sometimes you won't, but never give up.