#TradingStrategyMistakes 5 Common Mistakes in Trading Strategies!
#TradingStrategyMistakes
To make a profit in trading, it's important not only to know the market but also to avoid your own mistakes. Here are the mistakes that new traders often make:
❌ 1. Trading Without a Plan
Many people start trading without any strategy. This is completely wrong. Make a clear plan before you trade.
❌ 2. Overtrading
The notion that trading more will lead to more profit is incorrect. Each trade carries mental stress, fees, and the risk of loss.
❌ 3. Lack of Risk Management
Putting all your money into one trade or not using Stop-Loss is the biggest mistake.
❌ 4. Chasing the Crowd (FOMO)
"Everyone is buying, so I will buy too" – this mindset can lead to losses.
❌ 5. Revenge Trading
Trying to recover money by trading again out of anger after a loss? This will only increase your losses!