#TradingStrategyMistakes

To avoid common trading strategy mistakes, consider the following key points ¹:

- *Insufficient Risk Management*: Failing to set stop-loss orders or manage risk can lead to significant losses. Set stop-loss orders below key support levels, like $110,000 for Bitcoin.

- *Emotional Trading*: Making decisions based on emotions rather than logic can result in poor trading choices. Stay informed about market trends and news but avoid impulsive decisions.

- *Inadequate Research*: Not understanding market dynamics and trends can lead to poor trading decisions. Stay updated on ETF inflows, market sentiment, and regulatory changes.

- *Poor Timing*: Entering or exiting trades at the wrong time can impact profitability. Monitor resistance zones, like $122,000-$125,000 for Bitcoin, for potential profit booking.

- *Over-Leveraging*: Using excessive leverage can amplify losses. Use leverage cautiously and maintain a solid risk management strategy.

Staying informed about market developments, such as the upcoming "Crypto Week" in the US, can also help traders make better decisions ¹.