Quote from: Ethan_Crypto on Today at 08:25:50 PM

After several years of trading experience, I bought the top of an altcoin again today.

I made a trading mistake, and I wonder how come I haven’t grown past this stage in trading.

I thought I have learnt how not to FOMO, I still fell for it even after been a trader since 2020.

I wouldn’t have bought the top if I took some few minutes to check the chart. At least the daily chart would have given me the signal.

This shows that even masters makes mistake sometimes.

Do you have similar experience like this?

You may have a long time experience in trading, but that’s not enough to call yourself a master if you keep making simple mistakes continuously, mistakes that could easily be spotted and avoided. You may be a master at trading for years, but making same mistake over and over again makes you not qualified to be called one. But if such mistakes happens ones in a while, then it can be called a mistake as you prepare to be more careful going forward not to make such mistake again.

Buying at the top is a very big mistake to make, because you’ll never be able to get your initial capital you’ve invested in that token again. This is a very big mistake because if you’d use some amount of money that is too much to be risked, and hope to benefit big from this and it fails, it may take you back to square zero just because of this little mistake of not reserving properly before investing. Every trader makes mistake, but many can be avoided when proper research and approach is make to invest in any type of token or in the case of trading.