#TradingMistakes101

Many common trading mistakes might seem complex, but they’re actually quite simple. The first major mistake is trading without a plan. Entering trades without a clear strategy often leads to poor decisions and losses.

The second mistake is overtrusting external news. Markets are unpredictable, like the weather—expecting them to move exactly as the news predicts can be dangerous.

The third mistake is not cutting losses. There's a saying: “Don’t try to catch a falling knife.” Holding onto losing positions in hopes of a rebound often leads to even bigger losses.

Another mistake is trading just for the thrill, forgetting about the goal of making profits. This emotional approach turns trading into gambling.

Lastly, lack of discipline and emotional control is a major downfall. Without sticking to rules and managing emotions, even a good strategy can fail.Trading mistakes are common, especially among new traders, but even experienced professionals can slip up. Understanding these mistakes is crucial to avoid losses and improve your strategy. Here are some of the most frequent trading mistakes:-

🔻 1. Lack of a Trading Plan

Mistake: Trading based on impulse or emotion without a clear strategy.

Why it’s bad: Without a plan, you're more likely to chase trades, overreact, and lose consistency.

Fix: Always have a well-defined plan with entry/exit points, risk management, and goals.

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