Here’s a quick and sharp guide to #TradingMistakes101 🚫📉
❌ #TradingMistakes101: What to Avoid as a Trader
1. 😱 FOMO (Fear of Missing Out)
Jumping into trades without a plan just because others are hyped.
2. 📉 No Stop-Loss
Not using a stop-loss = risking huge losses. Always protect your downside.
3. 🤯 Overtrading
Too many trades = too many fees + bad decisions. Be patient.
4. 💵 Risking Too Much
Never go “all in.” Use proper risk management (e.g., 1–2% per trade).
5. 🧘♂️ No Emotional Control
Don’t let greed or fear drive your trades. Stick to your strategy.
6. 📚 Not Doing Research (No DYOR)
Blindly following others can be costly. Always understand what you're trading.
🧠 Pro Tip:
Discipline > Luck. Plan your trade, trade your plan.