Many traders make costly mistakes that can be avoided with discipline.
Common errors include trading without a clear plan, ignoring stop-losses, and entering trades based on emotions or hype (FOMO).
Overtrading and chasing trends without proper analysis often lead to losses.
Using excessive leverage without understanding the risks can quickly wipe out capital.
Lack of backtesting, poor risk management, and failure to journal trades prevent traders from learning and improving.
Entering positions without identifying key support and resistance zones is another major mistake. Success in trading requires strategy, patience, discipline, and continuous learning.
