#TradingStrategyMistakes One of the most common mistakes traders make when developing or applying their strategies.

Not having a clear trading plan, trading without defined rules leads to impulsive decisions and inconsistent results.

Ignoring risk management, not using stop loss or risking more than one can afford to lose is a recipe for disaster.

Changing strategies after a few losses, abandoning a strategy after some bad results prevents evaluating its long-term effectiveness.

Letting emotions take over, fear and greed can cloud judgment and lead to irrational decisions.

Overtrading, opening too many trades without solid fundamentals can deplete capital and concentration.

Not doing post-trading analysis, not reviewing your trades prevents learning from mistakes and improving your strategy.

Not understanding the risk/reward ratio, trading without calculating whether the potential profit justifies the risk can lead to sustained losses.

Using excessive leverage, while it can increase profits, also amplifies losses if not properly controlled.

Following advice without researching, making decisions based on rumors or without personal analysis can be very costly.

Not adapting to market conditions, markets change, and a strategy that worked before may cease to be effective.

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