#TradingMistakes101 Hello, Binance community! Today I want to share something I've learned throughout my journey in trading: mistakes are part of learning. It's impossible not to make them, but the important thing is to identify them and not repeat them. One of the biggest mistakes I've seen (and made) is FOMO (Fear Of Missing Out). That feeling that you're going to miss out on a great opportunity and pushes you to buy without proper analysis. It's happened to me more than once!
Another common mistake is overconfidence after a winning streak. Thinking you're invincible and starting to take excessive risks can lead to significant losses. I remember reading in a trading blog that "discipline is the pillar of long-term success, not emotion." That marked me a lot.
Also, how many times have I ignored my own trading plan! Setting stop-loss and take-profit is crucial, but the temptation to move them when the market gets volatile is great. Sticking to your strategy, even when the market tempts you, is vital. At first, it was very difficult for me, but over time I've learned to trust my initial analysis. Let's share our experiences to learn from each other. What are those mistakes that have taught you the most valuable lessons?