Lost 31$ from being liquidated, luckily I got into the right bear trend still on #Home, I recovered - 14$, later I won 8$ in #Virtual

Even experienced traders can fall into common traps that hurt performance. One major mistake is trading without a clear plan—entering and exiting based on emotion rather than strategy. FOMO (fear of missing out) often leads to chasing pumps, resulting in losses. Overleveraging is another danger, amplifying both gains and risks, especially in volatile markets. Ignoring risk management, like failing to set stop-losses, can wipe out portfolios fast. Many traders also rely too heavily on hype or social media tips instead of doing proper research and analysis. Revenge trading—trying to recover losses impulsively—usually leads to deeper setbacks. Lack of patience and constantly switching strategies can cloud judgment and reduce consistency. True growth comes from learning, not gambling. Track your trades, stay disciplined, and stick to your plan. Avoiding these pitfalls is just as important as spotting opportunities.

#TradingMistakes101