#TradingStrategyMistakes Trading can be a rewarding venture, but even seasoned traders fall into traps that hinder success. Here are three common mistakes to steer clear of when developing your trading strategy: Overcomplicating the Plan

Many traders overload their strategies with too many indicators or complex rules, leading to analysis paralysis. A simple, well-tested strategy often outperforms an overly intricate one. Stick to clear, actionable setups that align with your goals.

Ignoring Risk Management

Failing to set stop-losses or position sizing can wipe out gains in a single bad trade. Risk no more than 1-2% of your capital per trade to protect your account from devastating losses.

Chasing Trends Without Research

Jumping into hot markets or assets without understanding their fundamentals or technicals often leads to buying at peaks. Always back your trades with data, not emotions or hype.

Avoid these pitfalls to build a disciplined, profitable trading approach. Stay focused, keep learning, and trade smart!