#TradingStrategyMistakes 1. Lack of a Trading Plan
Mistake: Trading based on emotions or random hunches.
Fix: Always use a clear strategy with entry, exit, and stop-loss rules.
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šø 2. Overleveraging
Mistake: Using too much margin to increase potential profitsābut also risk.
Fix: Use leverage cautiously; stick to low leverage until youāre confident.
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š§ 3. Emotional Trading (Fear/Greed)
Mistake: Panic selling or FOMO buying.
Fix: Stay disciplined. Follow your plan, not your feelings.
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šŖ 4. Ignoring Risk Management
Mistake: Going āall inā or risking too much on one trade.
Fix: Risk no more than 1ā2% of your capital per trade.
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š 5. Revenge Trading
Mistake: Trying to recover losses with aggressive trades.
Fix: Take a break after a loss. Reset emotionally before trading again.
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š¤ 6. Overtrading
Mistake: Taking too many trades without good setups.
Fix: Be patient and wait for high-probability opportunities.
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š§¾ 7. Lack of Record Keeping
Mistake: Not reviewing past trades or learning from mistakes.
Fix: Keep a trading journal. Track every trade and analyze it.
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š 8. Not Using Stop-Loss Orders
Mistake: Letting losses grow, hoping for a rebound.
Fix: Always set a stop-loss to protect your capital.
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š° 9. Blindly Following Others
Mistake: Copying tips from influencers or Telegram groups without research.
Fix: Do your own analysis and understand the reasoning behind trades.
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ā³ 10. Wrong Timeframe Focus
Mistake: Switching timeframes too often or trading on inappropriate charts.
Fix: Match your strategy with your lifestyle and risk appetite (e.g., scalping vs. swing trading).