#TradingStrategyMistakes Trading without a plan is like setting sail without a map. One common mistake is failing to define your risk tolerance, leading to impulsive decisions driven by fear or greed. Another is chasing quick profits instead of focusing on long-term strategies, often resulting in losses. Over-diversification, spreading your investments too thin, can also hinder potential gains. Additionally, neglecting to stay informed about market trends and economic indicators can lead to poor choices. Finally, not learning from past trades prevents you from evolving and improving your approach. A well-thought-out strategy, discipline, and continuous learning are key to navigating the trading world successfully.