#TradingStrategyMistakes Common Trading Strategy Mistakes
Trading can be lucrative, but many make mistakes that lead to losses. One of the most frequent is the lack of a defined trading plan. Trading without clear objectives, entry and exit rules, and pre-established risk management is like navigating without a compass. Impatience and the quest for quick profits are also common traps. Many traders jump from one strategy to another or close positions too early out of fear or greed.
Another critical mistake is not respecting the stop-loss. Constantly moving it or not placing it at all can result in devastating losses. The lack of discipline to follow the chosen strategy and overtrading (making too many transactions) are also detrimental. Finally, not keeping a detailed record of trades prevents learning from mistakes and improving. Avoiding these pitfalls is key to long-term success in trading.