#TradingMistakes101

5 Mistakes to Avoid for success in Trading ...

1️⃣ Lack of a Trading Plan

Many traders jump in without a clear strategy. Without defined entry and exit rules, emotions take over.

✅Solution: Create a written plan outlining goals, risk limits, and trade setups.

2️⃣ Overtrading

Frequent trades often lead to unnecessary losses and emotional burnout.

✅Solution: Stick to quality setups and avoid trading out of boredom or fear of missing out (FOMO).

3️⃣ Ignoring Risk Management

Risking too much on a single trade can wipe out capital.

✅Solution: Use stop-loss orders and follow the 1-2% rule per trade.

4️⃣ Trading on Emotions

Greed and fear can cloud judgment.

✅Solution: Stay disciplined and review trades objectively, regardless of outcomes.

5️⃣ Failing to Keep Records

Without tracking, it's hard to improve.

✅Solution: Maintain a trading journal to analyze what works and what doesn’t.

🚨 Mastering these areas builds consistency and long-term success in crypto trading.