#TradingStrategyMistakes
Biggest mistake: Starting to trade! 🤔🤭
* Biggest success: I started only with money I could afford to lose without it hurting too much! 👍
My mistake in trading strategy?
Over-reliance on a single indicator.
At first, I blindly trusted the RSI without considering the broader market context or other signals. This led to missed profits and unnecessary losses because I ignored strong trends that the RSI distorted.
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 understand the overall market sentiment. I also realized that discipline and risk management are more important than a perfect strategy. Mistakes are inevitable, but learning from them strengthens you.