๐ #TradingMistakes101
Lessons From My Early Trades
Every trader starts somewhere โ and mistakes are part of the journey. Looking back, here are some of the biggest trading errors I made and what they taught me:
๐ป Mistake 1: Chasing Pumps
I used to FOMO into coins just because they were trending. I learned the hard way: by the time it hits the news, itโs often too late.
๐ Lesson: Enter with research, not emotion.
๐ป Mistake 2: Ignoring Risk Management
I once went all-in on a single trade without a stop-loss โ and watched it crash.
๐ Lesson: Always use stop-losses and never risk more than you can afford to lose.
๐ป Mistake 3: Overtrading
Trying to catch every move drained me mentally and financially.
๐ Lesson: Patience is a strategy. Sometimes, doing nothing is the best move.
๐ป Mistake 4: Not Tracking My Trades
I didn't record entries, exits, or reasons.
๐ Lesson: Journaling trades helps spot patterns and grow faster.
๐ก My Advice to New Traders:
Start small, stay humble, learn constantly. The goal isnโt fast money โ itโs smart money.
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