Want the harsh truth? Most traders fail because they keep making these **self-sabotaging mistakes**. Avoid them or stay unprofitable forever:
**1️⃣ Trading Without a Plan**
- **Mistake:** Jumping into trades based on "gut feeling" or hype.
- **Result:** Random wins, consistent losses.
- **Fix:** Write a **trading plan** with entry/exit rules, risk limits, and goals.
*2️⃣ Ignoring Risk Management**
- **Mistake:** Betting 50% of your capital on one trade "because you’re sure."
- **Result:** One loss wipes out weeks of gains.
- **Fix:** Never risk **>1-2% per trade**. Survive to trade another day.
3️⃣ Chasing Losses (Revenge Trading)**
- **Mistake:** Doubling down after a loss to "get even."
- **Result:** Emotional spiral → blown account.
- **Fix:** Accept losses as part of the game. Stick to your strategy.
*4️⃣ Overtrading (FOMO Addiction)**
- **Mistake:** Taking 20 trades a day "so you don’t miss out."
- **Result:** Fees + stress eat your profits.
- **Fix:** Quality > quantity. Wait for **high-probability setups only**.
*5️⃣ Not Keeping a Trade Journal**
- **Mistake:** Forgetting why you lost/winning trades.
- **Result:** Repeating the same errors.
- **Fix:** Log **every trade** (entry reason, exit, emotions). Learn from data.
6️⃣ Blindly Following "Gurus"**
- **Mistake:** Copying trades from Twitter/YouTube without understanding.
- **Result:** You’re the exit liquidity for smart money.
- **Fix:** Do your own analysis. Gurus won’t pay your losses.
7️⃣ Ignoring Market Context**
- **Mistake:** Using a bullish pattern in a **downtrend** (e.g., Hammer during Bitcoin crash).
- **Result:** False signals → stop-loss hit.
- **Fix:** Trade **with the trend**. Use higher timeframes (4H/Daily) for direction.
**💡 Reality Check:**
Profitable trading is **boring**. It’s about discipline, not excitement.
**✅ Do This Instead:**
- Backtest strategies.
- Treat trading like a business.
- Focus on **consistency** (not Lambos).
**👇 Comment "FIX" if you’ve made any of these—let’s break the cycle!**