#TradingStrategyMistakes
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Many traders fail due to emotional decisions, poor planning, or lack of discipline. One major mistake is trading without a clear strategy or ignoring risk managementโlike trading too big or without stop-losses. Overtrading, revenge trading after a loss, and chasing pumps are also common errors. New traders often switch strategies too quickly without testing or backtesting them. Failing to follow a trading journal or analyze past mistakes leads to repeated errors. Lastly, ignoring market trends and trading against the momentum can lead to consistent losses. Patience, discipline, and consistency are key to avoiding these mistakes.