#TradingMistakes101 When I took my first steps in trading, I remember that I had one thing in mind: to make money. So I sat there, meticulously watching that little bar go up and down, up and down, so I said: now is the moment! When it goes down again, I will enter at that part over there, and when it goes up to that part over there, I will sell, and that's it! I will make money! Haha, what rookie mistakes one makes when there is a lot of enthusiasm and little experience.
Knowing about the business
Very soon I realized that I needed to study. So I started to delve into the subject and shortly after I was watching courses from Binance, through existing documentation and experts teaching online under the platform's sponsorship. Social media also had its positive contribution, as I found a good teacher who used to give advice and teachings on how to trade, and regularly shared some of his operations so that followers could learn something about practice. Similarly, I added to my repertoire the study and analysis of publications from very well-known websites for their informative trajectory in trading, cryptocurrencies, and the blockchain ecosystem in general.
All of this, among other things, took me to the next level. A lot of knowledge, experience in full development, and little learning; for it is not the same to know as to learn. But, I was on the right path, since one learns from mistakes, and that is important when paying attention to where the mistake was and how to correct it.
One of the things I learned from the professor was that we must know when to stop, take a break, and breathe; it is not healthy to be permanently glued to a chart. It is necessary to take your time to think and analyze. So after being glued to the charts daily for hours, trying to decipher the enigma, I reached the point where: I had lost a certain amount of money, and as life sometimes gives us a second chance, one fine day I was pleasantly surprised to find that Binance had refunded me practically all the working capital I lost.