#TradingMistakes101
What was your biggest trading mistake as a beginner, and what did you learn from it?
As a novice, my biggest mistake was averaging down.
I bought an altcoin that started to fall, and instead of accepting a small loss, my ego made me buy more and more on each dip, convinced that I was right and it was an "opportunity."
However, the coin continued to plummet, losing almost all of its value. I turned a small, manageable loss into a catastrophic one that wiped out a significant portion of my capital.
And to sum up, the market is always right. Risk management is more important than your analysis. From that day on, I learned that a Stop-Loss is non-negotiable and that you never add money to a losing position. That was the costly lesson that forced me to become a true risk manager.
