#TradingMistakes101 #TradingMistakes101
Many traders fall into common pitfalls that can derail their success in the markets. One major mistake is trading without a clear plan—entering and exiting positions based on impulse rather than a well-defined strategy. Overleveraging is another dangerous error, where traders risk more than they can afford to lose, magnifying both gains and losses. Emotional trading, driven by fear or greed, often leads to irrational decisions and chasing losses. Lastly, ignoring proper risk management, such as setting stop-losses or diversifying positions, can quickly wipe out capital. Avoiding these mistakes is crucial to becoming a disciplined and profitable trader.