#TradingMistakes101

When you start trading, avoiding common mistakes is essential. A major mistake in trading is not having a well-defined trading plan. This often leads to impulsive decisions and emotional trading, which can quickly deplete your capital. Another frequent mistake is excessive leverage, risking more than you can afford to lose, amplifying both gains and losses. Many beginners also fail to manage risk adequately, neglecting stop-loss orders and proper position sizing. Finally, chasing volatile assets or relying solely on "hot tips" without thorough research is a recipe for disaster. Learn from these mistakes to improve your trading journey.