#TradingMistakes101 š« Top 7 Crypto Trading Mistakes (Iāve Made Most of These)
Whether you're new or experienced, crypto trading will test your discipline. Here are the most common mistakes that wipe out accountsāor sanity.š
š» 1. FOMO Buying
> You see a green candle, and you chase it.
Result? Youāre someone elseās exit liquidity. Always wait for confirmation or a retest.
š» 2. No Risk Management
> "I'll just go 100% in, it looks good."
Without a stop-loss or position sizing, you're gamblingānot trading.
š» 3. Overtrading
> More trades ā more profit.
Every trade costs mental capital, not just fees. Quality > quantity.
š» 4. Ignoring the Trend
> Fighting the trend is like swimming upstream.
You might win occasionally, but odds are stacked against you.
š» 5. Blindly Following Influencers
> āThis coin is the next 100x!ā
If someoneās shouting targets without a clear plan or invalidation levelātheyāre probably selling into your buy.
š» 6. Emotional Decisions
> Fear, greed, revenge tradesā¦
Reacting instead of executing a plan? Thatās how accounts bleed.
š» 7. Not Taking Profit
> āItās going to the moon, right?ā
No exit strategy = missed gains. Paper profits arenāt real.
ā Bonus Advice:
Have a plan for entry, exit, and invalidation before you click buy. If youāre guessingāstop and reassess.
š Crypto trading is a skill. Mistakes are part of the processābut only if you learn from them.