#BigTechStablecoin
🚫 TOP MISTAKES THAT A TRADER HAVE TO AVOID
1. Trading Without a Plan
Jumping into trades without a clear strategy leads to inconsistent results.
Solution: Have a trading plan that includes entry, exit, stop-loss, and risk management rules.
2. Ignoring Risk Management
Many traders risk too much on a single trade, leading to large losses.
Solution: Risk only 1–2% of your total capital per trade. Always use stop-losses.
3. Overleveraging in Futures or Margin Trading
Using high leverage (like 50x or 100x) increases risk dramatically.
Solution: Start with low leverage (2x–5x) or avoid it until you are more experienced.
4. FOMO (Fear of Missing Out)
Buying a coin just because it’s pumping can lead to losses when it dumps.
Solution: Stick to your strategy and wait for the right setup.
5. Not Using Stop-Loss Orders
Many traders don't set stop-losses and end up with big losses.
Solution: Always set a stop-loss to protect your capital.
6. Overtrading
Placing too many trades in a short period can increase fees and lead to burnout.
Solution: Focus on high-quality setups and be selective.
7. Letting Emotions Control Decisions
Fear, greed, and hope lead to bad trades.
Solution: Stay disciplined and stick to your trading plan, not your emotions.
8. Following the Crowd Without Research
Blindly following Telegram/YouTube signals can be risky.
Solution: Do your own research (DYOR) and validate any signal with your own analysis.
9. Neglecting Binance Fees
Fees (especially in futures) can eat into profits, especially for frequent traders.
Solution: Use BNB to get fee discounts and understand the fee structure.
10. Not Learning from Past Trades
Repeating mistakes because you don’t track your trading performance.
Solution: Keep a trading journal to review your mistakes and improve over time.
