š« Big Mistakes to Avoid in Trading
No Plan
Jumping into trades without a strategy is gambling, not trading. Know your entry, exit, and risk before you hit ābuy.ā
Overleveraging
Using too much margin or taking massive positions can wipe you out fast. Stay within your risk limits.Emotional Trading
Donāt trade based on fear, greed, or revenge. Emotions ruin judgmentāstick to your plan.
No Risk Management
Not using stop-losses or risking too much on one trade is asking for disaster. Protect your capital first.Overtrading
More trades ā more profits. Be patient. Wait for quality setups, not just activity.FOMO
Chasing after a big move usually means youāre too late. Let it goāthereās always another trade.
Blindly Following Others
Just because someone on Twitter is buying doesnāt mean you should. Do your own homework.