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Trade too much - You don't have to enter a trade everyday even if you're a day trader.
Trade too big - Don't use more than 6% of your capital when trading. Ensure your liquidity is low
Trade randomly - Don't trade every coin. Be smart, choose coins you're comfortable with. Don't gamble, always have a plan and follow through on it.
Trade based on your emotions - Trading is about 90% psychology. Guard your mind and your heart so you can properly apply your trading plan.
Trade based on predictions - Don't trade based on financial advice from someone on telegram or any of the social media platforms. Do your own research.
No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.
Cut winners fast: Don't be greedy!! Collect your profits.
Let losing trades run: This would kill you, if a trader is going bad I think it's better to close the position at your stop limit rather than letting it run in hopes it may come back to our favor.
1. I doubt there is anything known as "too much trading". What does this even mean? Every day is an opportunity to make profit. Or do you have some reason/explanation to it?
2. 6%? How did you come up with this number? Once again, back up your claims with facts like how us 6% going to ensure "your liquidity is low"?
3. No matter how much you say "follow your plan", it just won't work. The market is unpredictable.
4. Easy to say, but to suppress your emotions. If someone loses thousands of dollars, it is going to get them real hard.