Trading is hard, but I made it 10x harder with these mistakes.
Here are the 5 worst trading mistakes I made—and the lessons that turned my game around.
A Thread.🧵
Here are the 5 worst trading mistakes I made—and the lessons that turned my game around.
A Thread.🧵
Mistake #1: Over leveraging
Early on, I thought bigger size = bigger wins.
Spoiler: it doesn't.
One bad trade wiped out weeks of progress.
Risking 5-10% per trade made me emotional and reckless.
Stick to 1-2% risk per trade. Staying small kept me in the game.
Focus on compounding capital to be able to take small risk and make big $.
NOT big risk to make big $.
Early on, I thought bigger size = bigger wins.
Spoiler: it doesn't.
One bad trade wiped out weeks of progress.
Risking 5-10% per trade made me emotional and reckless.
Stick to 1-2% risk per trade. Staying small kept me in the game.
Focus on compounding capital to be able to take small risk and make big $.
NOT big risk to make big $.
Mistake #2: Ignoring the higher timeframes
I lived on the 1-minute chart, trying to "outsmart" the market.
I ignored trends, liquidity, and context.
Chasing random moves = death by 1000 cuts.
So start with higher timeframes for context. Intraday trades only work when they align with the bigger picture.
I lived on the 1-minute chart, trying to "outsmart" the market.
I ignored trends, liquidity, and context.
Chasing random moves = death by 1000 cuts.
So start with higher timeframes for context. Intraday trades only work when they align with the bigger picture.
Mistake #3: Revenge trading
After a loss, I wanted to "get it back." Bad idea.
I doubled down on bad setups.
Ignored my plan and overtraded.
Losses are part of the game. Take a break, journal the trade, and move on.
After a loss, I wanted to "get it back." Bad idea.
I doubled down on bad setups.
Ignored my plan and overtraded.
Losses are part of the game. Take a break, journal the trade, and move on.
Mistake #4: Trading without a plan
I took trades just because they "looked good."
No entry/exit strategy.
No defined risk or profit target.
Build a plan for every trade. Know your setup, stop, and target before you hit buy.
I took trades just because they "looked good."
No entry/exit strategy.
No defined risk or profit target.
Build a plan for every trade. Know your setup, stop, and target before you hit buy.
Mistake #5: Chasing FOMO setups
If the market moved fast, I felt like I was "missing out."
Entered late into extended moves.
Got wrecked when the pullback hit.
Be patient. Wait for price to come to your zones. FOMO fades, but bad trades stick with you.
If the market moved fast, I felt like I was "missing out."
Entered late into extended moves.
Got wrecked when the pullback hit.
Be patient. Wait for price to come to your zones. FOMO fades, but bad trades stick with you.
These 5 mistakes cost me big:
Over-leveraging
Ignoring higher timeframes
Revenge trading
No plan
FOMO setups
But the lessons? Priceless.
What’s the biggest mistake YOU learned from?
Over-leveraging
Ignoring higher timeframes
Revenge trading
No plan
FOMO setups
But the lessons? Priceless.
What’s the biggest mistake YOU learned from?
I hope you’ve learned from my mistakes...
Try and avoid doing it and you’ll improve your performance drastically.
Bookmark, retweet, like and comment on this thread, if you want to see more insightful threads like these.
Thanks for reading till the end thank you!💚 x.com
Try and avoid doing it and you’ll improve your performance drastically.
Bookmark, retweet, like and comment on this thread, if you want to see more insightful threads like these.
Thanks for reading till the end thank you!💚 x.com
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