#TradingMistakes101

🚫 Top 10 Common Trading Mistakes

1. FOMO (Fear of Missing Out)

• Jumping into a trade because “it’s pumping” without analysis.

• Fix: Have a trading plan. Don’t chase green candles.

2. Overleveraging

• Using high leverage can magnify gains—but also losses.

• Fix: Use low leverage (or none) unless you’re experienced. Always use stop-losses.

3. No Risk Management

• Putting too much capital in one trade.

• Fix: Risk only 1–3% of your total capital per trade. Use risk/reward ratios (e.g. 1:2 or better).

4. Ignoring Fundamentals & News

• Trading blind to macro events (e.g., regulations, ETF approvals, hack news).

• Fix: Follow credible crypto news sources. Stay updated.

5. Not Setting Stop-Loss or Take-Profit

• Emotionally riding trades down (or getting greedy).

• Fix: Set your SL/TP levels before entering the trade and don’t adjust them emotionally.

6. Revenge Trading

• Trying to win back losses quickly after a bad trade.

• Fix: Take a break. Don’t trade emotionally or impulsively.

7. Overtrading

• Making too many trades in a day/week with no edge.

• Fix: Quality over quantity. Stick to your edge or system.

8. Poor Entry/Exit Timing

• Entering late, exiting early, or vice versa.

• Fix: Learn chart patterns, support/resistance, and indicators like RSI, MACD, EMA.

9. Following Hype or Influencers Blindly

• Acting on Twitter/YouTube calls without DYOR (Do Your Own Research).

• Fix: Use influencers as idea sources—not financial advisors.

10. No Trading Journal

• Not tracking what worked or didn’t.

• Fix: Keep a journal. Log each trade’s reason, result, and lesson.