Even seasoned traders stumble—here’s how to avoid common pitfalls! One big mistake is trading without a plan. Jumping in blindly, like buying BTC/USD on a whim, often leads to losses. Always set clear goals and stick to them. Another error? Ignoring risk management. Overleveraging or not using stop-losses can wipe out your funds fast—keep risk per trade under 1-2% of your capital. Emotional trading is a trap too; fear or greed can push you to buy high or sell low. Stick to data, not feelings. Many also neglect research, diving into volatile pairs like ETH/BTC without understanding trends. Stay informed! Timing mistakes, like trading during high-fee periods, can erode profits—check network congestion. Lastly, overtrading drains your account and energy—quality beats quantity. Learn from each trade, keep a journal, and start small to build confidence. Mistakes are teachers, not failures—embrace them to grow!
