Common Mistakes people make in Trading

[irhact]

No to Trading, as a newbie: most times newbies thinks that trading is quite easy, and they feels they can milk something good out of the market without any knowledge of technical and fundamental analysis, but after some tries and they got burned, they will start saying that trading is a scam, so the best thing is to avoid trading as a newbie.

No trading as a newbie shouldn't be a mistake as then how do you become a professional at trading if you don't start as a newbie, nobody starts trading as a professional, they had to start small, learn and made mistakes that made them who they're. What I think you should say is that newbies shouldn't start trading if they haven't learnt how to trade properly and have done some practice with demo accounts that has no risk or little risk with small money to prevent lost of big capitals. You can't avoid mistakes as a trader as you will have to make them to be capable of learning from your mistakes. Trading isn't gambling and we should not forget about that.

[Nanga Parbat]

 Emotional Decision-Making

Fear, greed, and euphoria are common emotions that can cloud judgment and lead to impulsive decisions. Traders often make mistakes when they're emotional, such as closing positions too early or holding onto losing trades

Correct, Most traders risk and lose when they are unable to control their emotions.  If we trade from the point of view that loss and profit are side by side and don't worry about losing your trade because cryptocurrencies are very volatile, everyone knows this.  So keeping this in mind if we trade then surely we will also have the feeling that your trade is in loss, the next moment may be in profit.  So understand that your emotions are under your control and not your trading.