#TradingMistakes101 Trading can be exciting, but beware of common traps! Many newbies (and not so newbies) fall into mistakes that cost them dearly. One of the biggest is excessive leverage. Believing that you can double your capital with little risk is an illusion. Another fatal mistake is not having a defined trading plan. Entering the market without a strategy is like sailing without direction.

Moreover, emotional decisions are the number one enemy. Set aside the fear of missing out (FOMO) or greed. And, of course, don't forget to learn from your mistakes! Review your past trades to identify patterns and improve.