#TradingMistakes101 Trading can be profitable, but even professional traders make mistakes. Here are the most common trading mistakes and how to fix them:

### **1. Lack of a Trading Plan**

❌ **Mistake:** Entering trades without a clear strategy.

✅ **Fix:** Define entry and exit rules, risk tolerance levels, and goals before trading.

### **2. Overleveraging**

❌ **Mistake:** Using high leverage leads to loss of capital.

✅ **Fix:** Do not risk more than 1-2% of capital on a single trade.

### **3. Revenge Trading**

❌ **Mistake:** Trying to recover losses with random quick trades.

✅ **Fix:** Take a break after consecutive losses, and stick to your plan.

### **4. Neglecting Stop-Loss Orders**

❌ **Mistake:** Leaving losing trades open in the hope that they will recover.