#TradingMistakes101

The mistakes every beginner makes but how to avoid them? 🤔 How to know which ones they are? 🤔 Let's see 👍🏼

1️⃣ Entering due to FOMO

📈 “Everyone is buying, so I will too!”

Result: you enter expensive… and sell at a loss.

2️⃣ Not having a plan

🎯 Buying “just because” is like driving without a map.

Without a strategy = emotional decisions.

3️⃣ Not using stop-loss

🛑 Not setting limits on your losses is inviting disaster.

A single strong move can empty your account.

4️⃣ Overtrading

🎰 More is not always better.

Making many trades for no reason exhausts you and costs you commissions.

Cryptocurrency trading can be a lucrative activity, but it is also full of risks and challenges.

Making mistakes is a natural part of the learning process, but it is crucial to identify and avoid them to maximize opportunities for success.

One of the most common mistakes is emotional trading, where traders make decisions based on fear or greed instead of objective analysis.

Another frequent mistake is not having a clear trading plan, which can lead to impulsive and poorly informed decisions.

It is good to keep a trading journal to track failures and correct them as we grow in this vast world of cryptocurrencies 👍🏼