Stop trading this way!
1- Chasing losing trades
Some traders double down on a losing currency in hopes of recouping losses, but the result is often larger losses.
2- Random entry without a plan
Trading is not a game of chance. If you don't have a clear plan for entry and exit points, you are risking recklessly.
3- Ignoring capital management
Profit doesn't just depend on picking the right currency, but also on wisely distributing your funds. Risking more than 10-15% on a single trade could ruin you.
4- Trading without a stop loss
Neglecting stop-loss orders means you let the market control you. One bad trade could wipe out your entire balance.
5- Overtrading
Entering dozens of trades daily wears you out mentally and financially. It's better to wait for strong opportunities than to chase the market.
6- Following random recommendations
Donโt trust any channel or friend who sends you a "guaranteed trade". Research and analyze for yourself before making any decision.
7- Using high leverage without experience
Leverage amplifies your profits, but it also amplifies your losses. A beginner entering with high leverage risks losing everything in minutes.
๐ฌ Discussion question:
What is the most common mistake among these that you have seen among traders? Have you fallen into it before?
