If you: 1. Top blast because “you think it’s going higher” Most of the time it won’t. You’ll get rekt. 2. Don’t take the damn profit You’re up 2x? Nice. Close the trade and move on. Nobody ever stayed broke by taking profit. 3. Don’t set stop losses Losing money sucks. Losing more than you can afford is worse. 4. Risk too much. If a small move against you makes you panic, your position is too big. 5. Trade on vibes instead of research Feeling bullish isn’t a strategy. Then you are ngmi. A lot of first-time traders make these mistakes without even realizing it. Trading is 90% psychological anyway so if you can control your mind and emotions, you can control your trading. Best thing to do rn? Dont trade.
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The worst things you can do as a trader ↓
If you:
1. Top blast because “you think it’s going higher”
Most of the time it won’t. You’ll get rekt.
2. Don’t take the damn profit
You’re up 2x? Nice. Close the trade and move on. Nobody ever stayed broke by taking profit.
3. Don’t set stop losses
Losing money sucks. Losing more than you can afford is worse.
4. Risk too much.
If a small move against you makes you panic, your position is too big.
5. Trade on vibes instead of research
Feeling bullish isn’t a strategy.
Then you are ngmi.
A lot of first-time traders make these mistakes without even realizing it.
Trading is 90% psychological anyway so if you can control your mind and emotions, you can control your trading.
Best thing to do rn? Dont trade.