#TradingMistakes101

Making mistakes is a natural part of the trading experience,

The biggest mistakes in trading do not come from the market... but from us! 🤯

How many times have you entered a trade because you saw everyone talking about it? Or exited a profitable trade early due to fear?

The most common mistake is "Ignoring the trading plan", entering and exiting randomly just because the market is moving. Also, using high leverage without sufficient understanding puts the account at risk.

However, some mistakes can be very costly if not avoided. One of the most notable mistakes is trading without a clear plan or defined strategy. Many traders enter the market driven by greed or fear, leading to emotional decisions. Additionally, ignoring risk management by using stop-loss orders can lead to significant losses. Continuous learning, taking one’s time, and not risking money you can't afford to lose is crucial.

Some chase losses, while others are greedy for excessive profits. In the end, the market is unforgiving.

Learn from every trade, whether you win or lose, as every step leads you to be a more conscious professional trader.