#TradingMistakes101 Many common mistakes in trading may seem complex, but they are actually quite simple. The first major mistake is to trade without a plan. Entering trades without a clear strategy often leads to poor decisions and losses.

The second mistake is relying too much on external news. Markets are unpredictable, like the weather; expecting them to move exactly as the news predicts can be dangerous.

The third mistake is not cutting losses. There is a saying: "Don't try to catch a falling knife." Holding onto losing positions in the hope of a recovery often leads to even greater losses.

Another mistake is trading solely for the excitement, forgetting the goal of making profits. This emotional approach turns trading into a form of gambling.

Lastly, the lack of discipline and emotional control is a major downfall. Without sticking to the rules and managing emotions, even a good strategy can fail.

To succeed in trading, it is essential to be aware of these mistakes, stay disciplined, and keep emotions in check. Mistakes are part of the journey; learning from them brings you closer to success.