#TradingMistakes101 Here are some basic trading mistakes that beginners commonly make in cryptocurrency trading — and how to avoid them:

🔻 1. Lack of Knowledge

Mistake: Trading without understanding crypto, charts, or market behavior.

Fix: Learn basics — support/resistance, candlestick patterns, RSI, MACD, and trendlines.

📈 2. Buying at the Top (FOMO)

Mistake: Entering trades out of fear of missing out during a sharp price pump.

Fix: Wait for a pullback or support level confirmation.

🔻 3. No Stop-Loss

Mistake: Trading without a stop-loss leads to huge losses when the market moves against you.

Fix: Always set a stop-loss to protect your capital.

🧠 4. Overtrading

Mistake: Taking too many trades in a day without a plan, leading to losses and confusion.

Fix: Create a daily or weekly trade limit with quality setups only.

📊 5. Ignoring Risk Management

Mistake: Using large amounts of capital in one trade (e.g., "all-in")

Fix: Risk only 1-2% of your capital per trade, especially with small accounts.

😬 6. Revenge Trading

Mistake: Taking impulsive trades after a loss to try to recover money quickly.

Fix: Take a break after a loss. Review your mistakes calmly.

💸 7. Chasing Volatile Coins or Unknown Tokens

Mistake: Investing in coins because they’re trending on social media.

Fix: Do research (DYOR) and check fundamentals or liquidity.

🕒 8. No Trading Plan

Mistake: Entering trades randomly without rules or strategy.

Fix: Set a clear entry, target, stop-loss, and indicators before any trade.

🛑 9. Holding Losers, Selling Winners

Mistake: Selling small profits quickly but holding losing trades for too long.

Fix: Let winners run and cut losers fast using stop-loss strategy.

😴 10. Not Tracking or Learning from Trades

Mistake: Not keeping a trading journal = repeating the same mistakes.

Fix: Maintain a Notion or Excel journal of every trade with reason and reslts