#TradingMistakes101 🚫 Top 10 Common Trading Mistakes

1. FOMO (Fear of Missing Out)

Jumping into trades because a coin is pumping on social media.

Fix: Stick to your strategy. If you didn’t plan the trade, don’t take it.

2. No Stop-Loss / Risk Management

Letting losses run too far, hoping it’ll bounce back.

Fix: Use stop-losses and only risk 1–2% of your portfolio per trade.

3. Overtrading

Taking too many trades due to boredom or revenge trading after losses.

Fix: Quality > Quantity. Less is often more.

4. Not Having a Plan

Entering trades without knowing your entry, stop, and target.

Fix: Define every trade: entry, exit, and risk-reward ratio.

5. Ignoring Trends

Trading against the dominant market direction.

Fix: “The trend is your friend.” Don’t fight it—follow it.

6. Chasing Green Candles

Buying right after a big pump.

Fix: Wait for pullbacks and confirmations, not hype.

7. Not Journaling Trades

Forgetting why you entered or exited a trade.

Fix: Keep a trading journal with reasons, results, and lessons learned.

8. Emotional Trading

Letting fear or greed override logic.

Fix: Have rules and follow them like a robot.

9. Ignoring Fees and Slippage

Small trades with high fees eat profits.

Fix: Always factor in fees, especially on DEXes.

10. Lack of Continuous Learning

Thinking you “know enough.”

Fix: Markets evolve. Always learn from your trades and study new strategies.

---

✅ Bonus Tips:

Use demo accounts before risking real money.

Follow macro news—it can kill your setups.

Don’t take signals blindly from Twitter or Reddit.