đ¨ #TradingStrategyMistakes â Donât Be That Trader đ
Letâs be real â the market doesnât forgive strategy sins. Here are some deadly mistakes most newbies (and even OGs) keep making:
â ī¸ No Plan, Just Vibes:
"Looks bullish" â strategy. Entering a trade without a clear entry, exit, and stop loss is gambling â not trading. đ°
â ī¸ Overtrading Every Little Move:
Chill. Not every candle needs your life savings. Patience > impulse. Wait for confirmation, not adrenaline.
â ī¸ Ignoring Risk-Reward Ratio:
If youâre risking $100 to make $20, youâre not trading â youâre bleeding. Know your RR and respect it like gospel. đđđ
â ī¸ Changing Indicators Like Socks:
MACD today, Ichimoku tomorrow, then a tarot card next week? Stick to a system. Mastery > randomness.
â ī¸ Revenge Trading:
Lost a trade? Accept it. Donât YOLO back into the market to prove a point. Ego kills accounts faster than FOMO.
â ī¸ Blind Copying Signals:
You saw someone post a 500% ROI screenshot? Cool. Doesnât mean their entry/exit suits YOUR setup. Know thyself.
â Fix the mindset.
â Stick to the plan.
â Protect capital like your last breath.
Because in this game, itâs not who gets rich fastest â itâs who survives longest. đ§ đ