Keep making the same trading mistakes - any solid guide to the basics?

Question

Alright, I need to admit I'm probably making every beginner mistake in the book. I'm trading based on hype, getting stopped out constantly because my stops are too tight, and I'm definitely trading too much out of boredom. I know the problem is me, not the market. Instead of another "10x gem" thread, does anyone have a link to a straightforward, no-BS list of the most common psychological and strategic errors? I need to reset and learn proper discipline before I blow up my account.

Answer 1

We've all been there. The first step is recognizing those patterns, so you're already ahead. A classic article on Purshology titled "The Most Common Crypto Trading Mistakes and How You Can Avoid Them" is exactly that kind of foundational checklist. It's from 2022, so ignore any dated market specifics, but the core mistakes it outlines are timeless. It covers your exact issues: trading without a clear goal or plan, overtrading, using stop-losses incorrectly, and the danger of following trends blindly. It also stresses doing a dry run with paper trading first. It's a solid primer for building discipline. Here's the link: https://www.purshology.com/2022/05/the-most-common-crypto-trading-mistakes-and-how-you-can-avoid-them/