#TradingStrategyMistakes
* Biggest Mistake: Starting to trade! 🤔🤭
* Biggest Success: I only started with money I could afford to lose without it hurting too much! 👍
My trading strategy mistake?
Over-reliance on a single indicator.
Early on, I blindly trusted the RSI without considering broader market context or other signals. This led to missed profits and unnecessary losses, as I ignored strong trends that the RSI skewed.
The lesson was clear: diversification is key.
Not just in terms of portfolio, but also analytical tools. I learned to combine multiple indicators (e.g., moving averages with volume), follow news, and grasp the overall market sentiment. I also realized that discipline and risk management are more crucial than a perfect strategy. Mistakes are inevitable, but learning from them makes you stronger.
** What trading strategy mistakes have you made, and what did you learn? **