#TradingStrategyMistakes

Top 8 Trading Strategy Mistakes:

1. ❌ No stop-loss or take-profit:

- *Consequence:* Uncontrolled losses or profits that evaporate.

- Solution: Define levels before entering the trade.

2. ❌ Overexposing capital in a single trade:

- "90% of my portfolio in this trade for sure..."

- Golden rule: Maximum risk of 1-2% per trade.

3. ❌ Trading due to FOMO (Fear Of Missing Out):

- Example: Buying at all-time highs out of panic of missing "the rally."

- Antidote: Wait for retracements and technical confirmation.

4. ❌ Ignoring market context:

- Trading the same in a *bear market* as in a *bull run.*

- Key: Adjust your strategy to the macro trend.

5. ❌ Revenge Trading:

- "I will recover in the next trade" → Chain error.

- Solution: Stop for 24h after 2-3 consecutive losses.

6. ❌ Not keeping a trading journal:

- No record → No learning.

- Tool: Note entry, exit, emotions, and mistakes.

7. ❌ Relying on "magic signals" or gurus:

- Real crypto:* No indicator has **100% effectiveness.**

- Always verify with: Volume, RSI, support/resistance.

8. ❌ Forgetting fees (commissions):

- In scalping or day trading, fees can leave you in the red!

- Calculate: Is net profit = gross profit - fees?

💡 Bonus: PSYCHOLOGICAL Mistakes

- Confirmation bias: Only looking for data that supports your idea.

- Anchoring effect: Clinging to the first price you saw.

- Overconfidence after 3 winning trades.