#TradingMistakes101 #TradingMistakes101

Trading Mistakes 101: Learn Before You Burn 🔥

It doesn't matter whether you're trading cryptocurrency, stocks, or forex, these rookie mistakes can cost you dearly. Spare yourself the pain — learn from others' losses! 🧠👇

1️⃣ Lack of a Trading Plan Jumping into the unknown = gambling. Always know:

Entry ✅

Exit ✅

Stop-loss ✅

2️⃣ Overtrading More trades ≠ more profit. 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 one trade? 🎯 Rule: Never risk more than 1-2% on a trade.

5️⃣ Trading Due to FOMO/FUD Buying at peaks? Selling at bottoms? Let the chart speak — not social media.

6️⃣ Chasing Pumps If it has already risen by 200%... you probably missed it. 🚨 Chasing = an expensive lesson.

7️⃣ Lack of a Journal or Review Track your trades. Reflect. Improve. 📝 Data is always better than memory.