#TradingMistakes101 Trading in volatile markets like crypto is challenging, and avoiding common blunders is crucial for success. Here's a quick rundown of #TradingMistakes101:

First, never trade without a plan. Relying on gut feelings or hype leads to impulsive, emotional decisions. A well-defined plan sets your entry, exit, and risk limits.

Second, ignoring risk management is a portfolio killer. Always use stop-loss orders, avoid over-leveraging, and never risk more than you can comfortably lose.

Next, emotional trading (FOMO, FUD, revenge trading) blinds judgment. FOMO leads to buying highs, FUD to selling lows, and revenge trading often compounds losses. Stick to your strategy, not your feelings.

Insufficient research is akin to gambling. Do Your Own Research (DYOR) to understand an asset's fundamentals before investing. Also, overtrading due to boredom or chasing losses racks up fees and poor decisions; patience is a virtue. Avoid chasing the market by buying into surging assets; wait for pullbacks.

Finally, not keeping a trading journal means you miss learning from your past trades, hindering your growth.