#TradingMistakes101

Every trader makes mistakes—it’s part of the journey. But recognizing common pitfalls early can help you trade smarter and protect your capital.

🔹 1. FOMO Trading

Jumping in late because of hype usually leads to poor entries.

📌 Tip: Stick to your setup, not the crowd.

🔹 2. No Stop-Loss

Holding and hoping? Risky. Always define your exit before you enter.

📌 Tip: Use stop-losses to manage downside—not just emotions.

🔹 3. Overtrading

Too many trades = too many fees + poor decisions.

📌 Tip: Quality over quantity. Wait for clean setups.

🔹 4. Ignoring Fees

Especially in spot trading, small fees add up over time.

📌 Tip: Know the fee structure (maker vs taker) and plan accordingly.

🔹 5. Chasing Every Coin

Jumping between assets without a plan leads to confusion and losses.

📌 Tip: Focus on a few coins you understand well (like $XRP 📌).

🔹 6. No Trading Journal

If you don’t track your trades, how do you improve?

📌 Tip: Log entries, exits, reasoning, and results.