#TradingMistakes101 ⚠️ Common Trading Mistakes Beginners Mak | eric crypto on Binance Square

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#TradingMistakes101 ⚠️ Common Trading Mistakes Beginners Make:
🔸 Overtrading
🔸 FOMO buying
🔸 Ignoring risk management
🔸 Not doing research

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🌟 Why You Should Pay Attention to Confirmation Candlesticks: 1. Minimize Risk: Rather than jumping into a trade based on a single candlestick or pattern, wait for a confirmation to reduce false signals. 2. Trend Validation: It validates the momentum of the market, giving you greater confidence that the trend you’re betting on will likely continue. 3. Strategic Entries: Confirmation candlesticks can help you get in at optimal entry points, avoiding choppy market conditions and false moves. 🚀 How to Spot One: Look for a candlestick pattern that signals a reversal or continuation (e.g., engulfing, doji, hammer). Wait for the next candlestick to confirm the signal — for example, if you see a bullish engulfing candle, wait for a follow-up green candle to solidify that buying pressure is strong.

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FOMO in trading — Fear of Missing Out — is when you chase trades out of emotion, not logic. You see a price spiking and jump in late, afraid to miss the move. This often leads to bad entries, overtrading, and losses. It happens when you ditch your plan and follow hype. To beat it: stick to your strategy, manage risk, and trade only when the setup is right. Feel the FOMO, but don’t act on it.

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My Current Trading Operations 🪙 Asset: BTC/USDT 📍 Current Price: ~$109,900 💼 Position Type: Swing Trade 🎯 Target: $115,000 🛑 Stop-Loss: $108,000 📊 Strategy: BTC has shown strong bullish momentum after bouncing from $105K. With continued market optimism and a breakout past short-term resistance, I'm targeting a move toward $115K while keeping risk controlled with a tight stop. 🪙 Asset: ETH/USDT 📍 Current Price: ~$2,620 💼 Position Type: Short-Term Trade 🎯 Target: $2,800 🛑 Stop-Loss: $2,500 📊 Strategy: ETH is gaining traction, rebounding from a key support level near $2,480. I'm aiming for a quick move to $2,800 as volume picks up.

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My Current Trading Operations 🪙 Asset: BTC/USDT 📍 Current Price: ~$109,900 💼 Position Type: Swing Trade 🎯 Target: $115,000 🛑 Stop-Loss: $108,000 📊 Strategy: BTC has shown strong bullish momentum after bouncing from $105K. With continued market optimism and a breakout past short-term resistance, I'm targeting a move toward $115K while keeping risk controlled with a tight stop.

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🔸 Asset: ETH/USDT 💵 Entry Price: approx. $2,620 (spot) 🎯 Target: $2,800 🛡️ Stop-Loss: $2,500 🧠 Strategy: Momentum play—pair recently up ~5% over 30 days and rebounding from support at ~$2,480

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