#TradingStrategyMistakes ertrading is another common mistake that traders make, leading to huge losses. Your excitement and desire to cover losses quickly might take you more towards losses. Overtrading can lead to serious losses because trading non-stop on projects can drain a lot of money and lead to poor decisions. 

It is a clear symptom that you lack a transparent trading strategy. Consider the bigger picture by following a well-defined plan. Whenever you are trading, set clear entry and exit points. Check for the maximum number of trades you can handle in a week or a day. Do not push yourself beyond the mark that you have already set for yourself.

Emotional Trading

Do not make any impulsive decisions while trading in crypto. They can cause severe losses. One common example is “panic selling”. This means you are selling the currency at a lower price when you see a temporary dip during the market crash. And the trader might purchase the same crypto at a higher price when the market is recovering. 

You are not just making a loss but also purchasing the same project at higher rates. If you are purchasing during higher market rates due to FOMO, you are already being late. So, implement a long-term perspective to avoid emotional trading.