#TradingMistakes101 The most common (and costly) mistakes to avoid
In the world of trading, the most dangerous mistake is not losing money, but not knowing why you lost it. Here are some classic traps:
1. Entering due to FOMO (fear of missing out): if you buy just because it’s “going up,” you might be the last one to jump on the train… before it derails.
2. No exit plan: getting in is easy, but when do you sell? Without clear objectives, greed or fear will guide you.
3. Overtrading: too many trades = too many fees + stress + impulsive mistakes.
4. Not managing risk: investing everything in a single trade is the fastest way to wipe out an account.
5. Following random “experts” on social media: if it were that easy, everyone would be millionaires.
Remember: the best trader is often the most boring one, not the loudest.