The fatal mistake everyone makes in the trading world – even professionals!
#BinanceSquareFamily
In the world of trading, experiences vary and strategies differ, but there is one common mistake that connects both beginners and professionals, considered one of the most significant reasons leading to repeated losses, and may even end a trader's career completely!
🤯 What is this mistake?
“Not sticking to the plan – and emotional trading”
Yes, it may seem simple at first glance, but the truth is that more than 80% of traders, including professionals, fall into this trap especially when:
Sudden market fluctuations
Feeling fear of missing out (FOMO)
Greed for achieving a profit greater than the planned target
The trader starts with a clear plan:
✅ Defined entry point
✅ Known profit target
✅ Set stop-loss
But once the trade starts moving, emotions begin to control the decisions:
The price went up more? “Let me increase the capital!”
The price dropped? “I won't exit, maybe it will return!”
New opportunity? “Enter now without analysis!”
And here the collapse begins.
💥 Why is this dangerous?
Emotional trading undermines the pillars of success:
Self-discipline weakens
Loses trust in the plan and strategy
Opens the door to hasty decisions leading to accumulated losses
✅ How to avoid this mistake?
Write your plan before entering the trade
Don't rely on memory or mood. A written plan reminds you exactly what to do regardless of your feelings.
Use stop-loss and take-profit automatically
Place your orders from the start and don't change them based on emotion.
Record every trade in a trading journal
What has been done and what hasn't. This teaches you from your mistakes and clarifies your behavioral pattern.
Always remind yourself: the market will not disappear!
Opportunities don't end, but if capital is lost... it may not return.
💡 Summary
Success in trading doesn't mean always outperforming the market, but rather outperforming yourself and your emotions.
If you learn how to commit to the plan and keep your emotions away from decision-making, you have traveled half the way to true success.
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