The Top 5 Mistakes in order:
1. Every card has a value and that value is always changing. Not understanding value of cards is often a mistake new collectors make. Selling too early is the most common mistake.
2. On the contrary of the first mistake, some collectors hold cards too long. For example, rookies that come up with lots of promise but flop, those cards will lower in value. These cases are more tough to time right right.
3. Keeping care of your cards is important and finding proper storage is key to maintaining the value of these cards. A dusty shoebox is not the place.
4. Keep every card that you come into contact with, don't throw any away under any circumstances for the simple reason that supply and demand is always changing.
5. Don't remain so reluctant to do trades with other collectors, sometimes a trade benefits everybody.
As you can see, most of these mistakes are based on understanding the laws of supply and demand. Basically, if you took a HS economics class you would understand these laws. Typically, supply and demand are constantly shifting and that is no different in the card market. If a high-school student can understand it, then practically every adult should be able to as well in order to avoid these common mistakes. New collectors can make sure to make their transition into the hobby rather seamless just by understanding these common mistakes and the reason they are made by newcomers often.
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