#TradingStrategyMistakes
๐ Top Trading Strategy Mistakes I Learned the Hard Way on Binance โ ๏ธ
Trading crypto isn't just charts and candles โ it's a mental game, and your biggest opponent is often yourself. Here's where I went wrong (so you donโt have to):
1. Chasing Green Candles ๐
I used to FOMO into pumps thinking Iโd catch the moonshot. Reality check: I was usually someone elseโs exit liquidity. Lesson: Donโt chase. Plan.
2. No Clear Entry/Exit Plan ๐
I entered trades based on vibes, not signals. No target, no stop-loss. Thatโs not trading โ thatโs gambling.
3. Overtrading ๐
I thought more trades = more profit. Nope. It led to more fees, more stress, and more losses. Quality > quantity.
4. Ignoring Risk Management ๐ธ
Risking 20-30% of my portfolio on a single trade? Been there. Lost that. Now, I never risk more than 1โ2% per trade.
5. Switching Strategies Too Fast ๐
After two losses, Iโd jump to a new system. I never gave my strategies time to prove themselves. Consistency matters more than perfection.
6. Overconfidence After Wins ๐
A couple of green trades and I felt invincible. Thatโs when I made my worst decisions. Stay humble, always.
7. Not Adapting to Market Conditions ๐
Using a breakout strategy in a sideways market? Painful mistake. Strategy must evolve with the trend.
8. Neglecting Fundamentals ๐
I used to rely only on TA. But news, tokenomics, and sentiment move the market, especially on Binance with its fast-moving pairs.
9. Copy Trading Without Understanding ๐ง
Following "gurus" blindly was a shortcut to losses. A copied trade without context is just a guess.
10. Ignoring My Trading Journal ๐
I thought Iโd remember every trade. I didnโt. Journaling exposed my patterns โ both good and bad.
๐ก Mistakes are tuition in the market. Learn from them, adapt, and keep evolving.
