#softskating
Trading strategy mistakes often derail even experienced traders. Common errors include lack of a clear plan, jumping into trades without defined entry and exit rules. Overleveraging magnifies losses, while ignoring stop-losses leads to devastating drawdowns. Emotional trading—chasing losses or getting greedy—clouds judgment. Many traders also fail to adapt, sticking to strategies that no longer fit market conditions. Overtrading—taking too many positions—erodes capital through fees and poor setups. Neglecting proper risk management can wipe out accounts quickly. Finally, not keeping a trading journal prevents learning from past mistakes. Avoiding these pitfalls requires discipline, patience, and a commitment to continuous improvement.