#TradingMistakes101

1. FOMO (Fear of Missing Out)

• Jumping into a pump too late, buying at the top because “everyone’s getting rich.”

• Fix:

Stick to your entry plan. If you missed the move — wait for a retracement.

2. Revenge Trading

• Trying to win back losses immediately after a bad trade, usually by over-leveraging.

• Fix:

Take a break. Review your mistake. Resume with discipline and a calm mind.

3. Ignoring Risk Management

• Trading too big without stop-loss orders.

• Fix:

Never risk more than 1–3% of your capital per trade. Set stop-loss and take-profit levels before entering.

4. Overtrading

• Making too many trades in a day without a clear setup.

• Fix:

Quality > quantity. Only trade setups that match your strategy.

5. Not Having a Trading Plan

• Entering trades based on emotion, news, or random tips.

• Fix:

Define clear entry, exit, stop-loss, and take-profit levels for every trade. Stick to it.

6. Ignoring Market Conditions

• Trading aggressively during uncertain events (like tariff news, FOMC meetings, SEC rulings).

• Fix:

Stay informed about upcoming events. Scale down risk or avoid trading during high-volatility news releases.

7. Using Excessive Leverage

• 10x, 50x, 100x — sure, the gains are tempting… but the liquidation risk is massive.

• Fix:

Stick to 1–5x leverage or trade spot if you’re still learning.

8. Chasing the Hype Coins

• Buying meme or scam tokens after social media pumps.

• Fix:

Do your own research (DYOR). Check liquidity, tokenomics, team background.

9. Ignoring Fees

• Small fees add up fast, especially with frequent trades on high-fee networks.

• Fix:

Optimize fees (use BNB on Binance, choose low-fee networks, and trade during quiet hours).

10. Letting Losses Run

• Refusing to cut a losing trade, hoping it’ll recover.

• Fix:

Honor your stop-loss. Accept small losses; it’s part of trading.