🔻 1. Trading Without a Plan:
A clear strategy is essential for success in trading. Emotional decisions can lead to losses.
🔻 2. Not Managing Risk:
Taking a risk on the entire capital in a single trade is a big mistake. Always set stop-loss and risk-reward ratio.
🔻 3. Chasing the Market (FOMO):
Entering late out of "fear of missing out" can be harmful. Let the opportunity pass, wait for a new entry.
🔻 4. Trading Too Many Coins:
Focusing on too many coins can distract you; it's better to concentrate on a few good setups.
🔻 5. Futures Trading Without Learning:
Using leverage or futures without a complete understanding can be dangerous.
🔻 6. Greed or Impatience:
Trying to get rich quickly often leads to significant losses.