Here are some of the most common mistakes with Trading Strategy:
1) Trading with 20x-125x leverage without fully understanding the risk because small market moves can lead to liquidation, and new traders get wiped out instead of starting with low leverage until your strategy proves profitable.
2) Misusing market, limit, stop limit or OCO orders because poor order execution can lead to slippage or missed entries/exits when it can be avoided by simply learning how each order type works and when to use them.
3) Entering trades in coins with low volume or widespread where you can't exit easily and big slippage can occur instead of sticking with high-liquidity pairs.
4) Jumping into trending coins because they are in the "Top Gainers" list which leads to quick losses when prices dumps when it can be easily avoided by sticking to pre-defined strategy rules for entry, exit, and position sizing.
5)Using multiple indicators without understanding how they work which leads to conflicting signals, confusion, and poor decision-making instead of learning thoroughly each indicator, and understanding which suit your strategy and timeframe!!!