#TradingStrategyMistakes Common mistakes made by beginner traders include the lack of a trading plan, inability to use stop-loss and take-profit, overtrading, failure to manage risks and emotions, and following the crowd without analysis.

Here is a more detailed list of typical mistakes and how to avoid them:

1. Lack of a trading plan:

Mistake:

Opening trades "on a whim", without a clear strategy, goals, and understanding of risks.

Solution:

Develop a written trading plan