đ #TradingStrategyMistakes
The mistakes to absolutely avoid!
Trading may seem simple, but many beginners (and even experienced traders) fall into classic traps. Here are some common trading strategy mistakes you should avoid:
Lack of trading plan: Jumping in without a clear strategy is like navigating without a compass. You need to define your goals, risk management, and entry/exit points.
Too much leverage: Leverage can amplify your gains... but also your losses. Poor management can lead to rapid liquidation.
Overtrading: Opening too many positions in a day out of impatience or excitement is a fatal mistake. Quality over quantity.
Not placing a stop-loss: The stop-loss is your lifebuoy. Without it, a single bad decision can wipe out your capital.
Letting emotions take over: Fear, greed, stress... Trading should be based on analysis, not emotion.
â In summary: master your strategy, learn from your mistakes, and above all, stay disciplined!
Have you made any of these? Share your experience in the comments!