#TradingMistakes101

Every trader, regardless of experience, faces mistakes — and it is important to learn from them. One of the most common is the lack of a trading plan. Without a clear understanding of when to enter and exit a trade, it is easy to give in to emotions. Another typical mistake is over-leveraging, especially in the volatile cryptocurrency market: excessive use of borrowed funds can lead to instant liquidation. It is also important not to forget the desire to recoup losses, which often leads to impulsive trades and even greater losses. Ignoring stop-losses, blind faith in signals from social media, and a lack of education in technical analysis — all these are examples of behaviors to avoid. To achieve success, it is important to maintain discipline, manage risks, and continuously develop.