#TradingStrategyMistakes One of the most common mistakes traders make when developing or applying their strategies.

Not having a clear trading plan, trading without defined rules leads to impulsive decisions and inconsistent results.

Ignoring risk management, not using stop loss, or risking more than can be lost is a recipe for disaster.

Changing strategies after a few losses, abandoning a strategy after some poor results prevents evaluating its long-term effectiveness.