#TradingMistakes101
š #TradingMistakes101: Avoid These Common Pitfalls!
Even experienced traders slip up. Here are theĀ top trading mistakesĀ and how to avoid them:
1. š«Ā FOMO Trading (Fear of Missing Out)
Jumping into trades just because prices are pumping =Ā bad idea.
ā Ā Tip:Ā Have a strategy. Donāt chase green candles.
2. š„Ā Overleveraging
Using too much leverage =Ā liquidation risk.
ā Ā Tip:Ā Use leverage cautiously. Respect your stop loss.
3. šĀ No Risk Management
Putting your whole portfolio on one trade? š¬
ā Ā Tip:Ā Use theĀ 1ā2% rule: never risk more than 2% of your capital on one trade.
4. š¬Ā Revenge Trading
Lost a trade and trying to win it back fast? Dangerous game.
ā Ā Tip:Ā Step back. Clear your head before the next move.
5. šĀ Ignoring Fundamentals & News
Trading without knowing whatās happening in the market = blindfolded trading.
ā Ā Tip:Ā Always check market sentiment and news before making moves.
6. š°ļøĀ Bad Entry/Exit Timing
Buying too early, selling too late.
ā Ā Tip:Ā Use technical analysis + patience.
7. šĀ Not Keeping a Trading Journal
If youāre not tracking your wins and losses, youāre not learning.
ā Ā Tip:Ā Document every trade: what, why, and how it went.
š” Final Advice:
Success =Ā Discipline + Strategy + Patience
Want more tips like this?
š Follow for #CryptoTips #Trading101 #InvestSmart