. Trading Without a Plan

Mistake:
Entering trades based on randomness, emotions, or hype.

Fix:
Create a simple plan including:

Entry point

Stop loss

Take profit

Risk per trade

2. Risking Too Much on One Trade

Mistake:
Putting 50–100% of your money into a single trade.

Fix:
Follow the 1–2% rule:
→ Risk only 1–2% of your portfolio per trade.

3. Letting Emotions Control Decisions

Mistake:
Fear, greed, FOMO (fear of missing out), or revenge trading after a loss.

Fix:
Stick to your trading plan.
Never trade when angry or stressed.

4. No Stop Loss

Mistake:
Beginners don't use stop losses, leading to huge losses.

Fix:
Set a stop loss before entering the trade.

5. Overtrading

Mistake:
Taking too many trades in one day, trying to “force” profits.

Fix:
Trade only when your strategy gives a clear signal.
Quality > quantity.

6. Chasing Pumps

Mistake:
Buying coins after a big jump in price.

Fix:
Don’t buy out of FOMO.
Wait for corrections or trade based on analysis, not hype.

7. Not Keeping a Trading Journal

Mistake:
Not recording trades, so they repeat the same errors.

Fix:
Track:

Why you entered

Why you exited

What you learned

8. Believing “Guaranteed Signals”

Mistake:
Trusting random signal groups or influencers.

Fix:
Do your own research.
No strategy wins 100% of the time.

9. Ignoring Market Conditions

Mistake:
Using the same strategy during sideways, bear, and bull markets.

Fix:
Understand the market phase before trading.

10. Getting Rich Too Fast Mindset

Mistake:
Expecting to double money overnight, leading to reckless trades.

Fix:
Focus on long-term improvement, not quick profits.