#TradingStrategyMistakes Top #TradingStrategyMistakes to Avoid

Many traders stumble due to common strategy mistakes. A major pitfall is the lack of a defined plan. Trading without clear entry, exit, and risk management rules often leads to impulsive decisions and emotional trading, like "revenge trading" after a loss.

Another frequent error is poor risk management, such as risking too much capital per trade or failing to use stop-loss orders. Overtrading also depletes accounts through excessive fees and mental fatigue.

Furthermore, ignoring market conditions and failing to adapt a strategy to changing dynamics can be disastrous. Always analyze, plan, and stick to your strategy while continuously learning from both wins and losses. Discipline is key!