Avoid These Common Trading Mistakes to Protect Your Portfolio
Even experienced traders fall into costly traps—here’s how to dodge them. **1. Emotional Trading:** FOMO (Fear Of Missing Out) and panic selling lead to impulsive decisions. Stick to your strategy. **2. Overleveraging:** Excessive margin trading can liquidate your account faster than a market crash. Risk only what you can afford. **3. Ignoring Stop-Losses:** Skipping this is like driving without a seatbelt—one bad move wipes you out. **4. Chasing Pumps:** Buying at the top of a hype cycle often means holding bags on the way down. **5. Overtrading:** Too many trades = higher fees + more mistakes. Quality over quantity. **6. Confirmation Bias:** Only seeing data that supports your hopes? That’s how losses snowball. **7. Neglecting Macro Trends:** Even the best chart fails when Fed policies or Bitcoin ETFs shift the market. Learn these lessons now—your future self will thank you.
