#CryptoCharts101 Teaching the principles of discipline and strategy in trading.
Examples of common mistakes under this hashtag:
Entering a trade without a clear plan
– Trading based on feelings or rumors often leads to losses.
Not using Stop Loss
– This leads to magnified losses when the market moves against you.
Overtrading
– Opening too many positions in a short time due to greed or the desire to recover a previous loss.
Neglecting capital management
– Risking large amounts in a single trade can lead to account depletion.
Over-analysis (Paralysis by analysis)
– Waiting too long and not making decisions due to an abundance of conflicting analyses.
Being influenced by emotions
– Fear and greed can destroy even the best trading plan.
The goal of #TradingMistakes101:
Is to raise awareness and prevent the repetition of the same common mistakes. Many traders share these tweets or posts under this hashtag.