🔥 5 Fatal Mistakes in Trading That You Must Avoid! 🔥
(So you don't become a 'permanent donor' to the market...)
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1️⃣ Entering Without a Plan (Random Entry)
🚫 "Wow, a big green candle! Just BUY it!"
📉 Result? Enter at the peak, exit at the bottom.
✅ Solution: Always wait for strategy confirmation (e.g., EMA cross, RSI divergence). Not just a feeling.
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2️⃣ Not Setting Stop Loss
🧨 One mistake can wipe out your account.
✅ Solution: Set SL based on technical analysis, not out of fear or greed.
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3️⃣ Overtrading (Trading Continuously)
💸 Small profits lead to immediate entries without setups, resulting in losses.
✅ Solution: Limit to a maximum of 1–3 trades per day. Focus on the quality of setups, not quantity.
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4️⃣ Trading Against the Trend
🐢 Entering short in an uptrend, just because of a small red candle.
✅ Solution: First, look at the larger trend on H1/H4/D1. Trade with the trend, not against it!
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5️⃣ Not Self-Evaluating
🤷♂️ "Why do I keep losing?" But never note the reasons for entering.
✅ Solution: Create a trading journal. Record entries, reasons, results, and feelings.
📖 Learn from the past = improvement for the future.
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📌 Remember: Trading is not a sprint, but a marathon.
💡 Master discipline, not chasing quick profits.
Do you agree? Or do you still often fall into one of the above? 💬