#TradingMistakes101

Beginner Pitfalls 🚀📉**

1️⃣ Lack of a Plan 📜

- Many beginners jump into trading without a clear strategy.

- Always have a solid plan with entry/exit points, position sizing, and risk management.

2️⃣ Taking Too Much Risk 🎰

- Poor risk management leads to big losses.

- Use stop-loss orders and never risk more than you can afford to lose.

3️⃣ Trading with Emotions 😱😡

- Fear and greed can destroy your trades.

- Stick to your plan and avoid impulsive decisions!

4️⃣ Unrealistic Expectations 💰🚀

- Many beginners expect to get rich overnight.

- Trading is a marathon, not a sprint – patience and learning are key.

5️⃣ Ignoring Fundamental Analysis 📰📊

- Technical analysis is great, but ignoring economic events can be dangerous.

- Keep an eye on interest rates, inflation, and geopolitical factors.

6️⃣ Poor Money Management 💸💥

- Without proper financial management, accounts can vanish quickly.

- Diversification and smart capital allocation are crucial!