#TradingMistakes101 Common mistakes every trader should avoid:
1. Jumping on the hype without analysis
š« Buying because "everyone is buying" is a classic trap.
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Do your own technical and fundamental analysis.
2. Ignoring risk management
š« Trading without a stop loss is like driving without brakes.
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Set loss limits and use an appropriate position size.
3. Overtrading
š« Too many consecutive trades increase risk and stress.
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Less is more: only enter clear setups with good probabilities.
4. Not following the trading plan
š« Changing your mind in the middle of the trade due to fear or greed.
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Plan your entry, target, and exit ā and stick to the plan.
5. Letting emotions control decisions
š« Fear, euphoria, and FOMO (fear of missing out) are enemies of profit.
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Develop emotional discipline and stay calm.
6. Not studying or reviewing your trades
š« Repeating the same mistakes due to lack of self-criticism.
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Keep a trading journal. Learning from the past allows for faster evolution.
7. Using excessive leverage
š« Trading with money you can't afford to lose.
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Use leverage cautiously. Protect your capital.
š Remember: making mistakes is part of the journey, but repeating the same mistakes is optional.
#Todos