#TradingMistakes101 #TradingMistakes101
The 10 Most Common Mistakes Traders Make (to Avoid Immediately)
Many traders lose money not because of the market, but because of their own mistakes. One of the most serious is trading without a clear plan, opening positions "at random" or following instincts. Another frequent mistake is emotional trading: fear and greed lead to selling too early or holding onto losses too long. Then there are those who ignore risk, using excessive leverage or forgetting to set a stop-loss.
Overtrading is also dangerous: opening too many trades leads to stress and unnecessary losses. Furthermore, blindly relying on automatic signals or copying other traders without understanding the context is risky.
Many also lose sight of the importance of training: without a good understanding of the market, it's easy to fall into traps.
Finally, not considering taxes and commissions can wipe out profits. To become a solid trader, one needs: discipline, study, risk management, and emotional control.