DannyTrojan

1. Trading the "Hype" Instead of a Plan
​The Mistake: Entering a trade just because a coin was pumping or an influencer tweeted about it.
The Fix: Never enter without a defined Entry, Stop Loss, and Take Profit. If you don't know where you're getting out before you get in, you aren't trading—you're gambling.
​2. The "All-In" Mentality (Poor Risk Management)
​The Mistake: Using 50% or 100% of my account on a single position to "get rich quick."
The Fix: Stick to the 1% Rule. Never risk more than 1% of your total account balance on a single trade. This ensures that one bad day doesn't end your career.
​3. Marrying My Losses
​The Mistake: Ignoring stop losses and "hoping" the price would come back.
The Fix: Accept that being wrong is part of the business. A stop loss is an insurance policy. It is much easier to recover from a 2% loss than a 50% "hope-driven" drawdown.
​4. Overtrading for the Sake of Action
​The Mistake: Thinking that more trades equals more profit.
The Fix: Quality over quantity. Sometimes the most profitable move is staying in cash and waiting for a high-probability setup. High fees and "revenge trading" are account killers.
​5. FOMO: Chasing Green Candles
​The Mistake: Buying at the top of a massive pump because I was afraid of missing out.
The Fix: Buy red, sell green. If a coin has already pumped 20%, you’ve missed the move. Wait for the retracement (pullback) to a support level before even considering an entry.
​6. Ignoring the "Mental Game"
​The Mistake: Letting greed keep me in a winning trade too long or fear making me panic-sell a healthy dip.
The Fix: Use a Trading Journal. Record how you felt during a trade. You'll quickly see that your worst losses usually come from emotional decisions, not bad charts.
​7. Neglecting the "Higher Timeframe"
​The Mistake: Getting zoomed in on 1-minute or 5-minute charts and missing the overall trend.
The Fix: Always check the Daily or 4-Hour charts first. Trading against the primary trend is like swimming upstream; it's exhausting and rarely works.
​The Professional Edge: The market is a device for transferring money from the impatient to the patient. Your goal isn't to make a million dollars today; it's to be disciplined enough to still be trading five years from now.