#TradingMistakes101 - 5 'classic' mistakes that lead traders to lose money
Crypto trading is not just about luck. If you're 'burning your account' more than you're making a profit, you may have fallen into the basic mistakes that most traders have made:
❌ 1. No trading plan
Entering trades based on feelings, jumping in when coins pump, and selling off when coins dump. No targets, no stop-loss. The result? Your account falls into the hands of the market.
❌ 2. Greed & fear influence decisions
You made a 10% profit but didn't take it, hoping for 100%. In the end, you're down 20%. Emotions are the biggest enemy of traders. Learn discipline – because the market doesn't care about your feelings.
❌ 3. Overtrade – trading too much
Thinking that the more you trade, the more money you'll make? The truth is that trading fees and small mistakes accumulated will cost you more than you gain. Trade less, but with precision.
❌ 4. Not managing capital
Putting all your money into one trade or not allocating capital properly is the quickest way to a 'margin call'. No matter how confident you are, always maintain a reasonable risk ratio.
❌ 5. Not learning & drawing lessons
Making mistakes without learning from them means you'll keep making them. Keep a trading journal, review charts, analyze right/wrong decisions – that's how traders grow.
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👉 Remember: Trading is a continuous learning process. Don't try to be a winner every day; aim to be the one who survives the longest in the market.