#TradingStrategyMistakes šÆ : The most common mistakes that cost you money (and sleep!)
š Success in trading does not depend on finding āthe perfect strategy,ā but on knowing how to avoid the most common mistakes.
Trading is not just technique: it is discipline, patience, and psychology. Yet, many traders (especially beginners) make these fatal errors:
š 1. Strategy too complicated
If you can't explain it in one sentence⦠itās too much. Simplicity often beats hyper-technicality.
ā ļø 2. Changing strategy too often
Jumping from one setup to another is like trying to fish by changing lakes every 10 minutes.
š 3. Lack of backtesting
Without testing, you're navigating blindly. The numbers are clear: test first, act later.
š„ 4. Ignoring risk
A solid strategy must include risk management. Without stop-loss, itās not trading: itās roulette.
š§ 5. Overestimating emotions
Panic and greed destroy even the best strategies. Automate, if you can.
Have you ever made any of these mistakes? Write it in the comments.