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Top 3 Mistakes Every New Trader Makes (And How to Fix Them)
Trading isnāt just about charts and predictions itās about mindset, discipline, and strategy. Many beginners jump in hoping for quick profits but fall into the same common traps. Here are the top 3 mistakes new traders make and how to avoid them.
ā Mistake 1: Chasing the Market
Jumping into a trade just because the price is moving fast? Thatās a classic rookie move.
Why it's risky:
Youāre reacting emotionally, not logically. Most chasers end up buying high and selling low.
ā Fix it:
Set clear entry and exit points. Stick to your plan, not the hype.
ā Mistake 2: Overleveraging
Using high leverage may look tempting, but it magnifies both your profits and losses.
Why it's risky:
One bad trade can wipe out your entire capital.
ā Fix it:
Start small. Use lower leverage and manage your risk with stop-loss orders.
ā Mistake 3: Ignoring Risk Management
Many new traders bet too much on a single trade ā often based on a gut feeling.
Why it's risky:
No matter how confident you are, the market can go the other way.
ā Fix it:
Never risk more than 1ā2% of your capital on a single trade. Diversify and use position sizing wisely.