#TradingMistakes101 I've been here at least 4 years. Then I master the game? Totally not. Here are 5 bad things that I always did and you should avoid:
1. Overtrade
You see the badge 'High-Frequency Trader' below my profile? It sounds good? Nah, its terriable, every steps in into a trade, its carry a risk. Even if is profitable, I loose the 'time'.
2. Speculation of all the time
Jump in without clear set-up, even speculating after a wick candle in the most smallest time-frame, one minute! Oh god.
3. Nak*d trading without stop-loss or trailing stop!
Just trust my finger, without thinking slippage, bad network, etc.
4. Swiming with a downtrend coins!
There are a tons of coins outthere, but I keepin looking a total scums that completely below a MA-200 days? Trying to be a sniper but completly blind with other clear bullish coin.
5. Trade for cover a loss!
There are no break event point for a loss (in Future trading), its acumulated, my money already vanished from the world, but I keepin hoping for 'someday' it will be back, no its not. It's become multiple lost.
Plese, be concise for your trade!