#TradingStrategyMistakes
One of the biggest mistakes in trading🌟 strategies is not having a clear stop loss and risk management plan. Many traders enter trades based on emotions rather than analysis.
Another common mistake is overtrading – entering too many trades in a day without quality setups. I used to make this mistake when I started and ended up with unnecessary losses.
Lack of backtesting is also a mistake. Before using any strategy, I always test it on historical data to understand its success rate and limitations.
Finally, changing strategies too often without giving them time to perform is a major mistake. Consistency and discipline are key to any successful strategy.
