#TradingMistakes101 🚫 – For Beginners

1. 🤑 Trading Without a Plan

Jumping into trades without a clear strategy is like gambling. Always define your entry, exit, and risk tolerance before entering a trade.

2. 😬 Letting Emotions Rule

Fear and greed are dangerous. Emotional decisions lead to overtrading, panic selling, or holding losers too long.

3. 📈 Chasing the Hype

Buying into a pump (or FOMO-ing in) after a stock has already surged can leave you holding the bag.

4. 🛑 Ignoring Risk Management

Never risk more than 1–2% of your trading capital on a single trade. Use stop-losses. Protect your capital.

5. 📚 Not Learning the Basics

If you don’t understand terms like “support,” “resistance,” or “volume,” you’re not ready to trade. Study first, trade later.

6. ⌛ Overtrading

Too many trades = high fees + more mistakes. Quality over quantity.

7. 💬 Blindly Following "Gurus"

Trusting Twitter, Reddit, or YouTube personalities instead of doing your own research is risky. Learn to analyze independently.

8. 📉 Holding Losers, Selling Winners

New traders often cut winners short and let losers run, hoping they’ll bounce back. Do the opposite.

9. 🧪 No Practice (Paper Trading)

Start with a demo account or paper trade first to test your strategies without losing real money.

10. 🕒 Impatience

Trading success doesn’t happen overnight. Be patient, consistent, and keep learning.