5 Common Mistakes Beginners Make 📊
Rushing to Make Profits
One of the biggest mistakes beginners make is wanting to make quick profits without investing time in learning. It requires study and training, not just random entry.
Not studying the market
Entering the market without a clear plan or sufficient knowledge leads to huge losses. You must have a trading plan, sound capital management, and invest money in excess of your personal needs.
Trading with emotion
Traders cannot give in to feelings of fear or greed when trading, as they can lead to costly and irreversible mistakes.
Neglecting Stop Loss
Stop loss is an essential tool for protecting capital and preventing losses from getting worse. It should be used wisely to avoid exiting the market with large losing trades.
Rushing behind trends
Not every market trend represents a real opportunity. For example, if everyone is buying, it doesn't necessarily mean that entering the trade is a good idea. It is important to study and analyze the opportunity before making any decision.
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