#TradingMistakes101

⚠️ #TradingMistakes101 – Classic Mistakes Every Crypto Trader Should Avoid

Making money with cryptocurrencies is not luck, it's discipline. Many lose more due to basic mistakes than due to poor analysis. Learn from the mistakes… of others.

❌ 1. Trading with Emotion (and not with Strategy)

Anger, greed, or fear destroy accounts.

"It will go up a little more..." – a famous thought before a drop.

❌ 2. Overtrading (trading too much)

Opening positions all the time incurs fees and increases risk.

Less is more: focus on quality trades, not quantity.

❌ 3. Ignoring the Stop Loss

Waiting for the market to recover "just a little more"

= a path to total liquidation.

A stop is protection, not weakness.

❌ 4. Not Having an Entry and Exit Plan

It’s not enough to know when to buy – you need to know when to exit.

Always make a plan: entry, target, and stop.

❌ 5. Blindly Copying "Gurus"

What works for someone else may break you.

Do backtesting and only trade what you understand and master.

✅ Practical Summary:

Error Practical Solution

Emotion Use rules and limit losses

Overtrading Fewer trades, more quality

No stop Always define your risk

No plan Structure: entry, target, stop

Blind copying Study and adapt to your profile.