#TradingMistakes101 New traders often fall into common pitfalls that can derail their success. One major mistake is overtrading, where the urge to constantly buy and sell leads to high fees and losses. Another error is not setting stop-loss orders, leaving positions vulnerable to sudden market drops. Emotional trading, driven by fear or greed, often results in poor decisions, like buying at peaks or selling at lows. Ignoring research and jumping into trends without analysis is another trap. To avoid these, develop a solid strategy, stick to it, and use tools like technical analysis. Learning from mistakes is key to becoming a successful trader.