📊 #TradingMistakes101 — don't repeat typical trader mistakes! 😓
The world of crypto trading is exciting but also full of traps. Here are some of the most common mistakes to avoid:
1️⃣ FOMO (fear of missing out) — when you buy at the peak because everyone is buying. Remember: 📈 growth — is not a guarantee of future profit.
2️⃣ Lack of strategy — trading without a clear plan is like playing in a casino. 🎲 Choose your strategy and stick to it.
3️⃣ Not adhering to stop-losses — it's like swimming without a life jacket. Risk — is good, but risk management — is better! ⛔️
4️⃣ Overconfidence — even pros make mistakes. Keep your emotions in check 🧠.
5️⃣ Ignoring the news — events like #FOMCMeeting or #CircleIPO can shift the market. Stay updated on events! 📰