📉 Mistakes in trading strategies that lead to disaster!
Trading success isn't just about luck – it's about the right strategy, patience, and following the rules. But many people make some common mistakes that can put their portfolio at risk of big losses.
🔻 The most common mistakes:
1️⃣ Not using stops – If you don't set an exit point before entering a trade, there is no way to know the limit of your loss.
2️⃣ Overtrading – This mentality of having to trade every day ultimately increases losses.
3️⃣ Relying solely on charts without fundamentals – Major trends cannot always be detected with technical analysis alone.
4️⃣ Changing strategies repeatedly – Using different methods each time will result in inconsistent results.
5️⃣ Making decisions with emotion – Greed and fear are the biggest enemies of traders!
💡 Lesson: Trust your strategy, make decisions based on data, and move forward with patience.
Smart traders learn from mistakes – have you learned?
👇 What was the biggest trading mistake you made? Share it in the comments!
