#TradingMistakes101 One of the most common mistakes that beginner traders make is jumping into the market without a clear strategy. Trading without a defined plan is like navigating aimlessly: eventually, you will end up lost. Another frequent mistake is not managing risk properly. Many new traders risk too much on a single trade, which can lead to significant losses. Additionally, letting emotions like fear or greed take over can cloud judgment and lead to impulsive decisions. Overtrading is also common, believing that more trades increase the chances of winning, when in reality, this often leads to more losses. Finally, not accepting a loss in time can exacerbate it even further. To succeed in trading, it is essential to educate oneself, practice discipline, and maintain an objective and consistent mindset.