#TradingStrategyMistakes Many traders enter positions without a defined strategy, essentially gambling rather than trading with purpose. This approach often leads to inconsistent results and significant losses.

A robust trading strategy should include clear entry and exit points, position sizing rules, and risk management parameters. It should be thoroughly tested and refined in a demo account before being used with real money

The strategy should align with your trading style, risk tolerance, and available time commitment. What works for a day trader won't necessarily suit someone trading part-time.

Your trading strategy should also be flexible enough to adapt to changing market conditions while maintaining its core principles.

A starting point could be to test a trading strategy which aligns with the underlying trend. For example, a day trader who would like to trade a 10 second chart, should look at the trend of the 1 minute, 3 minute and perhaps also 15 minute charts and see whether their trade is in the same direction as the slightly longer-term time frames.