#TradingMistakes101 🚫 #TradingMistakes101: Top Errors to Avoid as a Trader

1. Trading Without a Plan

Entering trades without a defined strategy is gambling. Always know your entry, exit, and risk.

2. Overleveraging

Using too much leverage can magnify losses. Stay within your risk tolerance and account size.

3. Revenge Trading

Chasing losses usually leads to bigger ones. Step back, reassess, and come back with a clear mind.

4. Ignoring Risk Management

Not using stop-losses or risking too much on one trade can blow up your account. Risk 1–2% max per trade.

5. Letting Emotions Rule

Fear and greed are your worst trading partners. Stick to your strategy, not your feelings.

6. Overtrading

More trades don’t mean more profits. Quality over quantity—only trade high-probability setups.

7. Not Keeping a Trading Journal

Without tracking your trades, it’s hard to improve. Document every trade to learn from mistakes and wins.

8. Failing to Adapt

Markets change. What worked yesterday might not work today. Be flexible and continuously learn.

9. Chasing Hot Tips or Trends

Don’t trade based on hype. Do your own analysis and due diligence.

10. Ignoring the Bigger Picture

Zoom out. Don't let noise on a 1-minute chart distract you from a solid daily trend.