#TradingMistakes101 mistakes — but knowing the most common mistakes can help you stay ahead. Here’s a quick guide on what not to do:
🚫 1. FOMO (Fear of Missing Out):
Jumping into trading just because everyone is talking about it usually ends in regret. Always do your own research (DYOR).
📉 2. Lack of Stop Loss:
Not setting a stop loss can ruin your portfolio. Always manage your risks.
💰 3. Overleveraging:
Using too much leverage can increase profits, but it can also liquidate your position in seconds.
📊 4. Chasing Losses:
Lost a trade? Don’t double down emotionally. Step back, analyze, and only return with a plan.
🧠 5. Ignoring Emotions:
Trading should be based on strategy, not feelings. Fear and greed are dangerous advisors.