#TradingMistakes101 Top Trading Mistakes to Avoid

Trading can be rewarding, but common missteps lead to losses. Here's a quick rundown of what not to do:

* No Plan, No Gain: Don't trade without a clear strategy, entry/exit points, or risk limits. Always have a trading plan.

* Emotional Rollercoaster: Fear, greed, and FOMO (Fear of Missing Out) can wreck your decisions. Stick to logic, not emotions.

* Risky Business: Failing to use stop-loss orders or overleveraging can wipe you out fast. Manage your risk by setting stop-losses and risking only a small percentage of your capital.

* Flying Blind: Don't trade based on tips or hype. Research thoroughly and educate yourself.

* Overtrading/Impatience: Constantly being in trades or expecting instant riches will cost you. Be patient and wait for good opportunities.

* No Journal, No Learning: Not tracking your trades means you can't learn from mistakes. Keep a detailed trading journal.

* Victory Blinders: Don't get overconfident after wins; it leads to recklessness. Stay disciplined, win or lose.

By avoiding these pitfalls, you'll significantly improve your trading success.