#TradingMistakes101
My biggest trading mistakes so far as a beginner is not having a trading plan and chasing any hot trending tips. Panicking whenever the market is down even slightly.
Common trading mistakes most people make include overtrading, ignoring risk management, trading without a plan, emotional trading, and not cutting losses.
My take on how to avoid trading mistakes:
* having a proper trading plan, stick to your plan and avoid chasing the market.
* invest time in learning about trading strategies and market dynamics.Conduct thorough research and analysis before making trades.
* stay informed, do your own research and make informed decisions
* always use stop-losses to protect your capital
* approach trading with patience and a long-term perspective. Try not to have any unrealistic expectations.
* and most importantly, make sure your account is secure, activate the 2FA, use secure and unique passwords, regularly update your crypto wallet, use an effective anti-virus on your computer, and use only trusted trading app for your trades.
Keep learning, there is always something new to learn everyday.