#SquareMentionsHeatwave 8 mistakes in trading and how to fix them
1. Must set Stop Loss
Never trade without a Stop Loss, otherwise one mistake can cause your entire account to suffer.
2. Manage risk
You should only accept 1-2% risk in each trade. Never put your entire capital into a single coin.
3. Avoid greed
Small but consistent profits are better than large losses. "Small profits are still profits" remember this principle.
4. Do not trade emotionally
Making decisions out of fear or greed will lead to losses. Always plan ahead and then follow through.
5. Follow the trend (The trend is your friend)
Always trade according to the market trend (Bullish or Bearish), going against the trend will be more dangerous.
6. Diversify your portfolio
Don't rely on a single coin or project, invest in multiple coins and different areas.
7. Use leverage carefully
High leverage means high risk. Especially new traders should avoid high leverage.
8. Avoid only looking at charts or only trusting the news
Combine both to make decisions. Keep a trading journal.$USDC
