Understanding the real-world impact of mistakes in crypto trading is crucial for success. While demo accounts can familiarize you with charts and tools, they cannot simulate the emotional rollercoaster of a live trading account. When money is at stake, your reactions to price fluctuations become amplified. Starting small after rigorous learning and practice is essential, as mistakes offer valuable lessons that no textbook or tutorial can provide. A single stop-loss hit in real-time demonstrates more than ten such hits on a demo account. Losses highlight the necessity of a solid trading plan before executing any trades. The spot market, while slower than futures, still carries potential for financial punishment if executed without proper risk management tools like stop-loss and take-profit orders. Thoroughly researching team credentials, project roadmaps, and trading volume helps avoid venturing into risky coins. 🤝,