Avoid These Rookie Errors đŤ
Whether youâre new to crypto or have been in the game a while, mistakes happen. But the key is to learn fast and adapt smarter. Here are 5 common trading mistakes that wreck portfolios:
â 1. FOMO Trading
Jumping in because âeveryoneâs buyingâ often leads to buying the top. Always follow your strategy â not Twitter hype.
â 2. No Stop-Loss
Thinking youâll âjust watch the marketâ is a recipe for disaster. Always set stop-losses to manage risk. Protect your capital first.
â 3. Overleveraging
Leverage magnifies gains and losses. 20x might sound cool â until it liquidates your entire position on a minor dip.
â 4. Revenge Trading
Lost a trade? Donât chase it. Emotional trading only compounds losses. Step back, reset your plan, and only re-enter with a clear mind.
â 5. Ignoring the Bigger Picture
One green candle â trend reversal. Zoom out. Look at daily/weekly charts, macro news, and volume before calling a breakout.
đ Pro Tip: The best traders arenât the flashiest â theyâre the most disciplined. Master your emotions and your edge will follow.
Which mistake hit hardest? Drop it below đ
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