#TradingStrategyMistakes
Many traders fail not because they lack knowledge, but because they repeat the same mistakes in their strategy. Here are common trading strategy errors to avoid:
š» 1. No Clear Plan
Entering trades without a predefined entry, stop-loss, and target leads to emotional decisions and losses.
š 2. Overtrading
Trying to catch every move in the market often results in poor risk management and burnout.
ā ļø 3. Ignoring Risk-Reward Ratio
Risking too much for small returns is a fast track to account depletion. Aim for at least 1:2 ratio.
š 4. Blindly Following Signals
Relying solely on indicators or copying others without understanding the market structure is dangerous.
š§ 5. Lack of Discipline
Changing strategies frequently or not following your rules causes inconsistency in performance.
ā Fix: Backtest your strategies, keep a trading journal, and focus on continuous improvement.
What mistakes have you made in your strategy before? Letās share and learn!