#TradingStrategyMistakes

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So guys lets discuss what are mistakes we usually do while we are into trades or planning to take

Mistakes

↘️↘️↘️↘️↘️

↪️Relying heavily on emotions 😵instead of data📃

↪️More than often chasing losses,overtrading🤯 as well as abandoning plans due to fear🤥 or greed😋

↪️Failing to test strategies through backtesting🖥 or paper trading📑 before using real capital💰

↪️Ignoring risk management i.e not setting stoplosses which can eventually quickly wipe out earned gains even in a flash

↪️Overleveraging is also dangerous which if not looked after properly can magnifying losses as much as gains.

↪️Lack of discipline, poor research and inconsistent execution can turn a winning strategy into a losing one.

Success in trading comes from

➡️patience

➡️planning

➡️Last but not least constant learning not being guided by impulsive decisions or shortcuts.

So guys

Trade smart, not fast.

Tarde to earn without risking your capital!