#TradingMistakes101

Here is a more detailed list of common trading mistakes and how to avoid them:

1. Lack of market analysis:

Error:

Not performing technical and fundamental analyses before trading.

How to avoid it:

Educate and understand the markets, analyze trends, identify support and resistance levels, and track key indicators.

2. No trading plan:

Error:

Trading without a defined strategy, objectives, and risk management rules.

How to avoid it:

Establish a trading plan with objectives, exit rules, loss limits, and appropriate risk management.

3. Overexposure:

Error:

Investing too large a portion of capital in a single position or in a limited number of assets.

How to avoid it:

Diversify your portfolio, manage risks with stop-losses, and adhere to the 3-5-7 rule (do not risk more than 3% of your capital per trade, more than 5% for leveraged trades, and more than 7% for long-term positions).