#TradingMistakes101 Try to avoid it ๐
๐ธ 1. Trading with emotion:
Fear and greed are your biggest enemies. When you see the market crashing, don't sell at a loss without a plan. And when you see it rising, don't enter late out of greed.
๐ธ 2. Lack of a trading plan:
Random entry without setting clear goals (entry point, target, stop loss) = repeated losses.
๐ธ 3. Over-risking:
Entering a trade with all your capital or with high leverage can destroy your account in an instant. Capital management is more important than the trade itself.
๐ธ 4. Ignoring analysis:
Whether you rely on technical or fundamental analysis, complete disregard for any analysis is gambling, not trading.
๐ธ 5. Trading during strong news:
Economic data or influencer tweets can flip the market in moments. Avoid entering during news unless you are a professional at handling it.
๐ธ 6. Chasing the market (FOMO):
Saw a coin rising? Don't enter without studying just because "everyone is talking about it." Those who bought early are different from those who bought late!
