#TradingMistakes101 In the world of trading, every mistake is the price for a lesson. The problem is that most beginners (and even experienced traders!) step on the same rake. Let's break down 5 key mistakes to avoid.
🚫 1. Trading without a strategy
No plan? Then you're playing in a casino, not trading. A strategy is your compass in the sea of the market. Define your entry, exit, and risk management rules — and stick to them!
🎢 2. Overtrading
"One more trade — and I'll definitely get back what I've lost!" ❌ This is a trap. Frequent trades without quality signals lead to capital loss and mental burnout.
💥 3. Ignoring stop-losses
Hope is a bad trading partner. Without a stop-loss, one trade can wipe out half of your account. Always protect your position.
🧠 4. Psychological instability
Greed, fear, revenge… Trading is a battle not against the market, but against yourself. Work on your psychological discipline just as you do on technical analysis.
📉 5. Trying to "recoup" losses
Traders often increase their position size after losses. This is called “martingale,” and it has destroyed more accounts than bear markets. After a loss — take a break, don’t panic.