Post
Topic
Board Trading Discussion
Re: My Biggest Trading Mistake and What it Taught me
by
Ahli38
on 10/07/2025, 20:14:13 UTC
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.
[/quote
Essentially, you've learned the essentials a trader or investor should possess in the market. It's true that we should never make any decision solely based on the advice of someone, be it a friend or someone we consider an expert. It's best to always practice conducting independent research before making any decision, especially regarding crypto trading and investment. We know this field is highly risky. Therefore, never take such risks without conducting thorough analysis. At the very least, you must understand how to analyze fundamentals, including technical analysis, sentimental analysis, and most importantly, fundamental analysis. Furthermore, you must learn to control your emotions in trading. Psychology is crucial in trading; even if our analysis is correct, if we can't control our psychology or emotions, our results will usually be less than optimal. FOMO and similar emotions also result from uncontrolled emotions in trading.