#TradingMistakes101 Trading Mistakes 101: Learn Before You Burn 🔥
Whether you're trading crypto, stocks, or forex, these beginner mistakes can cost you big. Save yourself the pain—learn from others’ losses! 🧠👇
1️⃣ No Trading Plan Jumping in blind = gambling. Always know:
Entry ✅
Exit ✅
Stop-loss ✅
2️⃣ Overtrading More trades ≠ more profits. Quality > quantity. 📉 Overtrading drains focus, capital, and confidence.
3️⃣ Revenge Trading Lost a trade? Don’t force the next one. 📌 Emotional trades are usually bad trades.
4️⃣ Ignoring Risk Management 🚫 Risking 50% of your account on a single trade? 🎯 Rule of thumb: Never risk more than 1-2% per trade.
5️⃣ FOMO/FUD Trading Buying tops? Selling bottoms? Let the chart talk—not social media.
6️⃣ Chasing Pumps If it’s already up 200%… you’re likely late. 🚨 Chasing = expensive lesson.
7️⃣ No Journal or Review Track your trades. Reflect. Improve. 📝 Data beats memory every time.
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💡 Pro Tip: Master your mindset. A good strategy won’t save you from bad psychology.