The classic trader starter pack: 🎯😁
1. 🔮 Trading “purely on intuition” (sixth sense)
What it looks like: “I just feel like it’s about to go up/down!”
• The mistake: Entering a position without a clear pattern or strategic setup, relying instead on a gut feeling. Intuition is great, but the market can punish you for it when you least expect it.
2. 🧲 FOMO and “catching falling knives” on altcoins
What it looks like: Impulsively entering a coin that’s already shooting up like a rocket (or, conversely, cascading downward), hoping to catch the move in time.
• The mistake: Entering at the very peak or at the very bottom of a drop without confirmation of a reversal on the chart (EMA/RSI), when emotions outweigh cool-headed judgment.
3. 🙈 Moving or ignoring stop-losses
What it looks like: “Just a second, it’ll bounce off this order-book wall and I’ll close in profi…”
• The mistake: Trying to give a trade “a little more room” after the price has already moved against your plan. In the end, instead of a small, controlled loss, you’re left with psychological stress or stuck riding out a drawdown.
4. 🤹 Playing with leverage and position size in high volatility
What it looks like: Entering with an oversized position in ultra-active shitcoins or meme coins (like yet another token pumping).
• The mistake: When the order book is moving at lightning speed, even a small delay or a sudden sweep through the book can wipe out your deposit much faster than you can react.
5. 🎯 Trying to outsmart the market maker in the order book
What it looks like: Entering at a large order-book wall that spoofers eat through or pull a second before the price reaches it.
• The mistake: Putting too much faith in “visible orders” in the order book without considering the overall trend on higher timeframes.
Which item on this list do you think most often tries to sneak into your trades?