#TradingMistakes101 Risk Management Errors:

- Lack of Trading Plan: Trading without a defined plan is a serious mistake. A plan should include clear objectives, entry and exit strategies, risk management (position size, stop-loss, take-profit), and a trade log. Without a plan, decisions are based on emotions, increasing the likelihood of losses.

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- Poor Risk Management: Not defining an appropriate position size, not using stop-losses or using them too tightly, or ignoring risk management in general are mistakes that can lead to ruin. It is crucial to limit losses per trade to a small percentage of the total capital.