#TradingMistakes101
Common mistakes every trader should avoid:
1. Jumping on the hype without analysis
🚫 Buying because "everyone is buying" is a classic trap.
✅ Do your own technical and fundamental analysis.
2. Ignoring risk management
🚫 Trading without a stop loss is like driving without brakes.
✅ Set loss limits and use an appropriate position size.
3. Overtrading
🚫 Too many consecutive trades increase risk and stress.
✅ Less is more: only enter clear setups with good probabilities.
4. Not following the trading plan
🚫 Changing your mind in the middle of the trade due to fear or greed.
✅ Plan your entry, target, and exit – and stick to the plan.
5. Letting emotions control decisions
🚫 Fear, euphoria, and FOMO (fear of missing out) are enemies of profit.
✅ Develop emotional discipline and stay calm.
6. Not studying or reviewing your trades
🚫 Repeating the same mistakes due to lack of self-criticism.
✅ Keep a trading journal. Learning from the past allows for faster evolution.
7. Using excessive leverage
🚫 Trading with money you can't afford to lose.
✅ Use leverage cautiously. Protect your capital.
📌 Remember: making mistakes is part of the journey, but repeating the same mistakes is optional.