These are the 3 most common pitfalls traders fall in to.
1 - FOMO - Fear of Missing Out
You don't have to be in every trade. Just sit out and wait for the next one. If you get into XRP a month ago don't think you have to be in it now just because you don't want to miss out on it going from $3 to $4.
2 - Revenge Trading
Don't simply don't try making back your losses by doubling down.
3 - Gambler's Fallacy
If you've lost 10 times in a row - don't think by weight of losses that you're due for a win on your next trade. Treat them as independently as you can.
GG.
