#TradingStrategyMistakes
TradingStrategyMistakes
One of the most common mistakes in trading strategies is ignoring risk management. Many traders focus solely on profits without setting a loss limit, exposing them to significant losses. Another mistake is over-reliance on indicator signals without understanding the actual market or impactful news. Some also fall into the trap of "revenge trading," where they try to quickly recover losses by increasing their risk. Additionally, not adhering to the established plan leads to emotional decisions that harm the account. Finally, overtrading consumes capital and effort without effective results. To avoid these mistakes, a trader must be disciplined, develop a clear plan, and conduct regular performance reviews to learn from their experiences and improve their strategy.