#CryptoCharts101 Below are the most common mistakes, particularly easy to encounter for crypto traders:
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🚨 1. Poor risk management
• Trading too large (overleveraged), putting the entire account into one trade.
• Not setting stop loss or setting it too wide.
• Using high leverage without a backup plan.
Consequences: Account liquidation after just a few wrong trades, heavy psychological burden, prone to revenge trading.
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😵 2. Trading based on emotions, not following a plan
• FOMOing when prices have already surged.
• FUD selling during market downturns.
• Trading out of boredom, without clear signals.