$BTC mbing to emotion – fear of missing out (FOMO) and panic selling. These lead to abandoning well-researched plans.
I've "learned" the paramount importance of strict risk management and unwavering discipline.
Advice for new traders:
* Develop a clear trading plan with defined entry/exit points and stick to it.
* Prioritize risk management: Never risk more than a small percentage of your capital per trade.
* Control emotions: Don't let greed or fear dictate decisions.
* Educate yourself continuously.