#TradingMistakes101
⚠️ 5 Classic Mistakes When Trading Crypto That Everyone Has Made!
#TradingMistakes101
Crypto trading is not just about 'buying low - selling high'. It is a battle of psychology, discipline, and strategy.
Below are common mistakes that cause many to lose money – are you making any of them?
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❌ 1. FOMO – Buying at the peak out of fear of missing out
Most traders buy after seeing a strong price increase, widespread news, and then end up buying at the peak.
➡️ Rule: If you see it as 'too hot', others have already jumped in before you.
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❌ 2. Not setting a stop-loss
"It's a good coin, just hold it and it will bounce back!" – and then the account disappears.
➡️ Whether trading spot or futures, a stop-loss is a lifebuoy.
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❌ 3. Overtrading – Trading too much
Entering trades continuously out of fear of missing out, anxious feelings cause you to lose control.
➡️ Wait for a clear opportunity; you don't always need to trade.
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❌ 4. Not managing capital
Going 'all in' just because you are confident or... frustrated.
➡️ Golden rule: Do not risk more than 1-3% of your account on each trade.
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❌ 5. Trading without a plan
Buying based on 'feelings', selling because of 'nervousness'.
➡️ Before entering a trade, clearly define: entry point, take profit, stop loss, and the reason for entering the trade.
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🧠 A good trader is not someone who is always right – but someone who knows how to make fewer mistakes and win regularly.
💥 Have you ever made any of these mistakes? Comment to share and learn together!
Follow the series #TradingMistakes101 to upgrade your skills & avoid burning your account.