๐น Making Unrealistic Gains Mindset
- New traders come in with a mindset to become millionaire overnight
Worst ever approach โ
๐นNo Prior Trading Experience
- Without actual trading experience with safer and less volatile asset class, you shouldnโt jump into crypto markets
Practice, Feel, Breath trading first on safer models โ
๐นNo Risk Management System
- Blindly trading with entries, exits, leverages , position sizing etc.
A BIG NO! Make a trading plan โ
๐นRevenge Trading Mindset
- If you lose a trade, you open another one to make your lost money back
Not a healthy way to proceed, often makes you emotionally weak in the game and you end up losing more โ
๐น Getting Influenced by crazy gains posted by INFLUENCERS
- Lot of people try high leverages thinking they can post 5-6 figures screenshots of their gains like other Influencers.
Emotional strength takes a toll here. IGNORE such posts!โ
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