#TradingMistakes101 Trading Mistakes 101: Avoid These Profit-Killers**
New to crypto trading? Dodge these common traps:
1. **Chasing Pumps (FOMO):**
Buying *after* a massive green candle often means buying the top. **Don't follow the herd blindly.**
2. **Ignoring Stop-Losses:**
Hoping a losing trade "comes back" usually leads to bigger losses. **Cut losses ruthlessly.** Set a stop-loss *before* entering.
3. **Revenge Trading:**
Trying to immediately win back losses leads to emotional, reckless decisions. **Walk away after a big loss.**
4. **Overtrading:**
Constantly entering trades "just to be active" racks up fees and increases mistakes. **Quality over quantity.**
5. **Risking Too Much:**
Putting a huge chunk of capital on one trade can wipe you out. **Never risk more than 1-2% per trade.**
6. **Neglecting Research (DYOR):**
Buying based on hype or a tweet? **Understand *what* you're buying and *why*.**
7. **Forgetting Fees & Slippage:**
Small fees and bad fills erode profits fast. **Always factor them in.**
**The Golden Rule:** Trading is a marathon, not a sprint. Master discipline, manage risk, and learn from every mistake – that's the real path to success.