#TradingMistakes101 TradingMistakes101 is crucial for any aspiring or active trader, particularly in volatile markets like crypto. While the allure of quick gains is strong, numerous pitfalls can quickly deplete a portfolio. One of the most prevalent errors is emotional trading, driven by fear (panic selling) or greed (FOMO - Fear Of Missing Out buying at the peak). Successful trading demands discipline and adherence to a pre-defined strategy, rather than impulsive decisions.

Another significant mistake is neglecting risk management. This includes failing to set stop-loss orders to limit potential losses, overleveraging positions beyond what one can afford, or not diversifying a portfolio. Putting all your eggs in one basket, especially with highly speculative assets, is a recipe for disaster.

Furthermore, many traders fall prey to overtrading, making too many trades without a clear rationale, often in an attempt to recover losses. This leads to increased transaction fees and poor decision-making. Finally, insufficient research is a foundational mistake. Relying on social media hype or unverified tips instead of conducting thorough due diligence on a project's fundamentals, technology, and team can lead to significant losses. Avoiding these common #TradingMistakes101 is vital for long-term success and sustainability in the trading world.