#TradingStrategyMistakes

One of the biggest pitfalls for traders is the absence of a well-defined trading plan.

Many jump into the market driven by emotion or "tips," leading to impulsive decisions rather than calculated moves.

This often results in overtrading and chasing losses, where traders try to recoup previous setbacks by taking on excessive risk.

Another critical mistake is poor risk management.

Failing to set stop-loss orders or risking too much capital on a single trade can quickly wipe out an account.

Emotional trading, fueled by fear or greed, also clouds judgment, leading to irrational decisions.

Successful traders understand that losses are inevitable; the key is to manage them and learn from mistakes through consistent journaling and analysis, ensuring discipline over emotion.