#TradingMistakes101 Common Trading Errors
Many traders, especially beginners, make mistakes that can cost them dearly. One of the most frequent is the lack of a defined trading plan. Trading without clear objectives, entry and exit rules, or adequate risk management leads to impulsive decisions.
Another critical mistake is excessive leverage. While it can amplify gains, it also multiplies losses quickly, draining accounts in the blink of an eye. Lack of discipline and emotional control are also key factors. Getting carried away by greed or fear, seeking revenge after a loss, are common traps.
Finally, the absence of continuous training and not learning from past mistakes hinders growth. Avoiding these pitfalls is essential for trading successfully and protecting capital.
