I believe that so many traders have made certain mistakes that they wished they could go back in time to correct. Well mine was actually following advice from friends who posed as experts without doing my own research.
A friend would say "Buy this coin now coz it is going to pump in days or months to come" and without even thinking I would just rush to buy the coin- no research, no planning, no strategy, nothing at all.
Sometimes I made profits from this coin no doubt but most of the times the coin would simply crash so badly that it returns me to square one. The losses were painful, but they taught me lessons I feel are worth sharing, especially with other beginners out there threading the same path.
Here are the lessons I learnt
1) Don't blindly trust signals, take your time to access and verify it.
2) Do your own research(DYOR), coz it gives you confidence and control.
3) FOMO and panic selling are dangerous. Rather be patient and disciplined.
4) And lastly, Don't Invest more than you can afford to loose.
5. Dont take aloan for you to have that trading capital
6. Dont try to mimic other profitable traders and stick into your own plan.
7. Simply, dont get emotional and always have to get rid of that sudden impulse.
8. Dont try to be perfectionist
Trading mistakes are common since we've been dealing with a volatile and unpredictable market on which there's always that kind of sudden impulse of emotions on which it will be that resulting into that actions on which are totally opposite on what we had analyzed or plan earlier.
It would be always depending in according into your mentality and if you dont know on what you are doing or lets say that you've been anticipating that you can do this without any problems then that would be considered to be an issue in the first place. Mistakes are common and you should be that learning from it and dont expect that you can be able to make that perfect learning about trading and assuming that you can make profitable trades on anytime. There are just that those moment or conditions that you cant be able to control up that kind of situation. On the time that you have been able to accept with those mistakes and learn something from it on which that same as been said that you will be that becoming even more better as you do move forward. There are just that those situations that you've been just that too hopeful and optimistic and thats why you do become that too impulsive at the time that you will committing out such mistake. It all matters about versatility and emotion control if you do want to have that kind of mentality then being progressive is inevitable in comparing into those who are that expecting too much but doesnt have that doing the right approach.