#TradingMistakes101

📉 ERROR #1: Trading without a clear plan

One of the most common mistakes made by novice traders is entering a trade based on “gut feelings.” It seems the chart is rising — time to buy. A red candle appears — time to sell. In the end, it all ends in chaos and losses.

🎯 Trading without a plan is like playing in a casino. If you don’t know in advance:

• where you are entering,

• where you are exiting,

• how much you are willing to lose,

• what profit target you are setting,

then you are not trading; you are just hoping for luck.

✅ Solution: develop a simple trading plan. It should include:

• specific entry rules (based on signals, levels, etc.),

• the position size (as a % of your deposit),

• stop-loss and take-profit,

• the conditions for exiting a trade.

A plan helps eliminate emotions and maintain discipline, especially during volatility.

💬 Remember: discipline beats intuition in the long run.