#TradingStrategyMistakes

Trading Strategy Mistakes (100 words)

Many traders fall into common pitfalls that undermine their success. A major mistake is overtrading—taking too many positions without solid justification. Others fail to stick to their trading plan, allowing emotions to dictate decisions. Poor risk management, such as risking too much on a single trade, can quickly lead to major losses. Ignoring market news or economic data also compromises strategy effectiveness. Additionally, many traders chase past performance instead of adapting to current conditions. Lastly, neglecting to backtest a strategy before using it live can lead to unexpected outcomes. Avoiding these mistakes is crucial for long-term trading success.