#TradingMistakes101 Man, if there’s one thing that separates the lucky trader from the consistent trader, it’s learning from mistakes. And look... everyone has stumbled on one of these here.
First classic mistake: buying at the top and selling at the bottom. People get excited with the hype, see the coin rising on Twitter, and immediately hit the “Buy” button. Then the market corrects, panic sets in, and... they sell at a loss.
Another serious error is entering without a strategy. The person doesn’t even know if they are going to do day trading, swing trading, or hold. They simply enter thinking they will become the new Warren Buffett of crypto.
There are also those who don’t use stop-loss, or worse: they set the stop too tight and get stopped out all the time. Or the people who ignore risk management and put 100% of their capital into one coin just because they saw a TikTok.
Anyway, the secret is to understand that making mistakes is part of it. You just can't repeat the same mistakes every week. Focus on learning, create a strategy that makes sense for you, and go for it, but calmly. Crypto is not a casino… or at least it shouldn’t be.