Trading Mistakes 101
One of the most common mistakes in trading is entering without a defined method. It is common to become overwhelmed with information from social networks and operate out of FOMO (Fear Of Missing Out), which leads to untimely decisions.
This is compounded by the failure to adhere to risk management: not setting stop-loss or risking more than 1-2% per trade can be devastating.
Overtrading is another serious problem, stemming from the desire to always be active, which generates excessive commissions and mental strain.
Additionally, not considering the general environment, such as macro news or rotation between cryptos, can cause technical signals to lose real value.
The solution: structure your plan: entry, exit, loss limit. Record it, follow your rules, and review your trades. Less impulsiveness, more discipline.