📉 The Risk of Overconfidence in Trading Strategies
One of the most common trading strategy mistakes is overconfidence after a few wins. Many beginners (and even experienced traders) fall into the trap of thinking their strategy is bulletproof just because it worked a few times. But the market is unpredictable, and what works today might fail tomorrow. A good trader constantly adapts, tests, and improves their strategies — not blindly repeat them. Always backtest, manage risk, and keep your emotions in check. Remember, consistency beats lucky wins in the long run. Don’t let short-term success cloud your long-term vision.