Title: Common Mistakes Traders Make and How to Avoid Them
Hashtag: #TradingMistakes101
One of the most common mistakes new traders make is overtrading. This usually happens when a trader enters multiple trades without a solid plan, just based on emotion or FOMO (fear of missing out). Another major mistake is not using a stop-loss, which can lead to significant losses if the market goes against your position. Also, many traders ignore risk management, risking more than they can afford to lose. Trading without backtesting your strategy or trading without understanding the market structure is also a recipe for disaster. Always remember: trading is about consistency and discipline, not luck or gambling. Learn from your mistakes, keep a trading journal, and focus on long-term improvement.