#TradingMistakes101

Overtrading is a common mistake that can deplete your account. Driven by greed or the desire to recover losses, traders often take excessive positions or trade too frequently. This leads to high trading costs and emotional burnout. To avoid overtrading, set a daily trading limit and adhere to a clear trading plan. Focus on quality setups rather than quantity. Discipline is key—take a pause after a loss and reassess your strategy. By trading less and more selectively, you preserve capital and improve decision-making. Always prioritize risk management over the pursuit of profits to ensure long-term success in trading.