Address:
Reliance on rumors: when the market becomes a playground for rumors instead of analysis 📢❌
In financial markets, news and rumors spread faster than price movements themselves.
And the trader who bases his decisions on what he hears from groups or tweets is like someone driving their car based on signals from strangers on the street 🚦.
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🔻 Signs of reliance on rumors:
Entering trades based on "they said it's the opportunity of a lifetime."
Missing out on profitable trades due to the rumor "the market will crash."
Following channels or people without a reliable track record.
Making emotional decisions instead of decisions based on analysis.
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⚠️ The result?
Repeated losses due to random decisions.
Psychological oscillation between fear and greed.
Losing trust in oneself and in the market together.
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✨ Summary:
Information in trading is not everything…
But the source of information is what makes the difference between profit and loss.
🛡️ Technical and fundamental analysis are the trader's compass, while rumors are just passing winds 🌪️.
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⚠️ Reminder:
Every rumor you hear could be a "trap" set for you, not a trading decision.
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🔜 The fifth mistake: emotional entry — when anger or greed controls your decisions ❤️🔥⚡
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