#TradingMistakes101
đš Top 7 Crypto Trading Mistakes (Iâve Made Most of These) đš
Whether you're new đŁ or experienced đ§ , crypto trading will test your discipline. These mistakes can wipe out your accountâor your sanity. Letâs break it down đ
đ» 1. FOMO Buying
đ [Sees giant green candle]
đž "Iâm buying NOW!"
âĄïž Result? You just became someone elseâs exit liquidity.
â Action: Wait for confirmation đ or a retest đ.
đ» 2. No Risk Management
đČ "100% inâwhat could go wrong?"
đ« No stop-loss. No position sizing.
Thatâs gambling, not trading.
â Action: Always manage your risk with stops and sizing đĄïž.
đ» 3. Overtrading
đ "More trades = more money, right?"
â Wrong. Every trade drains mental energy đ§ ⥠(and your wallet with fees).
â Action: Trade less, think more đ§ââïž. Quality > Quantity.
đ» 4. Ignoring the Trend
đŁââïž Trying to go long in a downtrend likeâŠ
đ„ It might workâbut odds are against you.
â Action: Trade with the trend đ. Don't fight the flow.
đ» 5. Blindly Following Influencers
đą âThis coin will 100x!â
đŹ But no chart, no plan, no stop?
Chances areâtheyâre selling while youâre buying.
â Action: DYOR đ (Do Your Own Research) and demand clarity.
đ» 6. Emotional Decisions
đ Fear. đĄ Revenge. đ± Panic. đ€ Greed.
Emotion-led trades = recipe for disaster.
â Action: Stick to your plan đ. Be a robot đ€ when trading.
đ» 7. Not Taking Profit
đ âItâs going to the moon đ!â
đ Then it crashes.
Paper gains mean nothing if you donât cash out.
â Action: Have take-profit levels đŻ. Donât get greedy.
â Bonus Tip:
Before you click BUY đ±ïž
âïž Entry plan?
âïž Exit plan?
âïž Invalidation level?
If notâstep back and reassess đ§.
đ Crypto trading is a skill. Mistakes are okayâif you learn from them.
đȘ Keep growing. Keep improving. Let the charts teach you đâš