Common Trading Mistakes That Can Erode Your Hard-Earned Capital
As traders, especially in fast-paced markets like crypto, protecting capital is just as important as growing it. Here are some critical mistakes that often lead to unnecessary losses — avoid these to stay in the game longer and trade smarter:
Chasing Pumps or Dips: Entering a position after a coin has already seen a massive surge or drop often leads to poor entries. Avoid FOMO; wait for confirmation and structure.
Relying on Top Gainers/Losers Lists: Selecting coins purely based on their appearance in the "Top Gainers" or "Top Losers" section can be misleading. These lists highlight volatility, not necessarily opportunity.
Ignoring Daily Risk Management: Every trade should align with a daily profit/loss target. Overtrading after hitting these limits leads to impulsive decisions and potential drawdowns.
Not Using Stop-Loss Orders: Trading without a stop-loss exposes you to unnecessary risk. Discipline in risk management starts with setting your maximum acceptable loss.
Lack of a Trading Plan: Every trade must have a clear entry, exit, and stop-loss strategy. Trading without a plan is gambling, not trading.
Overtrading: Frequent trades without high-conviction setups dilute your edge and increase exposure to fees and emotional fatigue.
Emotional Attachment to Trades: Getting emotionally invested in a coin or position clouds judgment. Always be ready to cut losses or take profits without hesitation.
Revenge Trading: Trying to recover losses through aggressive trading typically leads to deeper drawdowns. Take a break, reset, and return with a clear head.
Going Against Market Trends: Trading against the prevailing trend can be costly. Respect the broader market direction and position accordingly
#BOB current price 0.000000057558. Entry price not before 0.000000040000. Don't see dreams in a day that it will touch 1$. Yes from here it will become 10X, 20X and so on because of public interest.