The 3 Worst Trading Mistakes (And How to Fix Them) ❌

I've seen so many traders lose it all by making the same, simple mistakes. I was one of them. For months, I was stuck, watching my portfolio shrink. Then, I learned to identify and avoid these three blunders.

Mistake #1: Overtrading 📉

You don't need to be in a trade all the time. Waiting for the perfect setup is a strategy in itself. It’s better to make one high-quality trade than ten low-quality ones.

Mistake #2: Ignoring Risk Management 🛡️

A good trader knows how to cut losses quickly. Use a clear stop-loss and never risk more than 1-2% of your total portfolio on a single trade. This is your number one priority.

Mistake #3: Chasing FOMO 🚀

That coin that just pumped 50%? It's probably too late. Entering a trade out of fear of missing out is a sure-fire way to buy at the top and get wrecked. Stay disciplined and stick to your plan.

🎯 My Top 3 Tips to Avoid Mistakes:

1️⃣ Have a plan. Know your entry, exit, and stop-loss before you trade.

2️⃣ Be patient. Wait for your setup.

3️⃣ Control your emotions. Don’t let fear or greed dictate your decisions.

Do you have any other mistakes to add to the list? Let me know in the comments 👇

#BinanceSquare #Write2Earn #CryptoTips #Trading101