5 Types of Trader Mistakes. You still often experience things that make you feel “wrong” in trading? Just calm down! If you still make mistakes in trading, it’s natural to be wrong! But, there’s nothing wrong with you for minimizing mistakes in the trading world.
5 tips to avoid common types of mistakes in traders:
Traders who have a hard time moving on
Who here still likes to be stuck in the past? No, yes! Especially for you traders, it is highly recommended that you always move on, considering that the market in crypto assets is very dynamic and the price is not static.
So, focus on yourself by looking at the current chart! It’s okay to look back, but remember, don’t use it as a benchmark! The purchase price of the past, let it be the past, don’t let it become a benchmark for the current price.
Traders who like to find justification
Here, you have to learn and be more willing to accept mistakes. Remember, wrong is natural! If there are no errors, then you don’t know which one is right or wrong. Instead, make those mistakes part of learning, not failure! So, stay positive!
Traders who like FOMO
Well, usually, traders, especially millennials, really like to feel afraid of missing the trend if they don’t follow the trend. Actually, it doesn’t matter if we don’t follow the trend that is happening. From now on, let’s choose which crypto asset group to follow!
Traders who like to confuse themselves.
Well, traders with this type are usually because they have a lot of options for which crypto assets to choose.
Well, this point is a continuation of the previous point, so you have to be really confident with the analysis you are studying, and must focus on indicators that you believe in.
There are so many indicators that you can learn! Just choose a few indicators that you like the most and want you to focus on. Indodax Academy has also often discussed this, you know, you can visit indodax.academy to find out more about other trading indicators!
Trader is overconfident.
Actually, it’s really okay to be confident, but don’t be overconfident! Usually, traders like to be overconfident because they often feel that they are profitable.
From here, take your profit as a lesson and a reminder that you may not always be on top. Yes, like life, sometimes above, and sometimes also below. So, stay humble and never take an analysis and market easy, and don’t forget to keep learning fundamental analysis too!