๐ฅ๐ค๐๐๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐ซ๐๐๐ข๐ง๐ ๐๐ข๐ฌ๐ญ๐๐ค๐๐ฌ ๐๐ก๐๐ญ ๐๐ซ๐ฎ๐ฌ๐ก ๐๐จ๐ฎ๐ซ ๐๐ซ๐จ๐๐ข๐ญ๐ฌ โ ๐๐ฏ๐จ๐ข๐ ๐๐ก๐๐ฆ ๐๐จ๐ฐโ
Stop gambling and start trading with intention. Here are 10 costly mistakes many traders make โ plus smart tips to dodge them:
1. Over-Leveraging
Using 20xโ50x leverage might feel like powerโuntil one candle wipes you out.
Pro Tip: Stick to 2xโ5x leverage with stop-loss protection.
2. Emotional Trading
Buying out of FOMO? Selling in panic? Thatโs not strategy, thatโs reaction.
Pro Tip: Follow your plan. Set alerts, stay calm.
3. Neglecting Security
One wrong link or fake airdrop can drain your wallet.
Pro Tip: Use hardware wallets, 2FA, and verified links.
4. Copy Trading Blindly
Trusting random online calls without research? Thatโs a fast track to losses.
Pro Tip: Study the fundamentalsโteam, supply, roadmap, and use case.
5. Revenge Trading
Trying to recover a loss by jumping into another trade? Recipe for disaster.
Pro Tip: Step back, journal it, and clear your mind.
6. No Defined Strategy
If you're trading without a system, you're just gambling.
Pro Tip: Learn a setup and master itโlike breakouts or support/resistance.
7. FOMO Buying
Seeing it on Twitter or TikTok? You're likely late to the party.
Pro Tip: Wait for a pullback and plan your entries.
8. Poor Risk Management
Putting half your capital into one trade is a recipe for ruin.
Pro Tip: Risk only 1โ2% per trade. Protect your bankroll.
9. No Trade Journal
No logs = no learning.
Pro Tip: Track every trade to improve your decision-making.
10. Overtrading
More trades donโt mean more profitsโjust more mistakes.
Pro Tip: Be selective. Only trade your edge.
Print this. Review weekly. Because trading smart is how you win long-term.
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