FOMO- he Fear of Missing Out, biggest psychological mistake in crypto. FOMO leads to 2 specific mistakes: taking on more trades and opening bigger positions than your system dictates.
Pure fear(loss aversion) - it’s when a trader is so scared of losing money that they fail to notice and execute on trades.
Revenge trading- this is when a trader gives too much weight to recent statistics while disregarding older ones
Gambler’s fallacy- this is a way of thinking that takes trading from being systematic and profitable to being a gamble with unpredictable results