#TradingStrategyMistakes
โ Mistake: Changing Your Trading Plan Too Often
Many traders keep changing their strategy after a few losses. They think the plan doesn't work.
๐ Why this is a problem:
Every trading plan has good and bad days.
If you quit too soon, you donโt give the plan a real chance.
Changing too often causes stress and confusion.
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โ What to Do Instead:
Test your plan on old market data (called backtesting).
Use the same plan for a set number of trades (like 50 or 100) before judging it.
Donโt panic after a few losses โ they are normal.
Focus on protecting your money with smart risk rules.