#TradingStrategyMistakes

Many traders make a classic mistake: changing strategies too often after a series of losses, instead of sticking to the plan and analyzing long-term results. They often confuse randomness with an edge – a winning streak doesn’t mean the strategy works. Others overestimate technical signals while ignoring market psychology and emotions. Failing to backtest a strategy on historical data leads to unpredictable outcomes. Overtrading – making too many trades – is another trap, driven by greed or boredom. Interestingly, even experienced traders fall victim to confirmation bias, seeking only data that supports their decisions.