#TradingMistakes101
New and even experienced traders often make mistakes that cost time, money, and confidence. Here are some common ones to avoid:
1. Emotional Trading: Letting fear or greed drive decisions often leads to losses. Always stick to a plan.
2. No Risk Management: Failing to set stop-loss orders or risking too much on one trade can wipe out your capital.
3. Overtrading: Too many trades in a short time increases fees and emotional fatigue. Quality > quantity.
4. Ignoring Fundamentals: Relying only on hype or technical analysis without understanding the project can backfire.
5. Lack of Research: Blindly following influencers or tips without personal research leads to poor trades.
6. Revenge Trading: Trying to recover losses quickly by making impulsive trades only worsens the situation.
Pro Tip: Build a solid strategy, manage risk wisely, and always learn from past mistakes. Smart trading = consistent gains.