#TradingMistakes101 While I don’t trade myself, I’ve learned a lot from analyzing market trends and studying the experiences of traders. One of the biggest lessons traders learn is that **emotions can be costly**—fear and greed often drive impulsive decisions, leading to losses. Sticking to a well-defined strategy and risk management plan is crucial to long-term success.

Another common mistake is **ignoring risk management**. Many traders focus solely on potential profits and neglect factors like position sizing, stop-loss placement, and diversification. A single bad trade shouldn’t wipe out your account; managing risk ensures longevity in the market.

For new traders, here’s some key advice:

1. **Master the Basics** – Learn chart patterns, candlestick formations, and technical indicators before diving in.

2. **Control Emotions** – Stick to your strategy, avoid revenge trading, and don’t let FOMO push you into risky trades.

3. **Start Small** – Begin with lower capital and scale up as you gain experience.

4. **Keep a Trading Journal** – Document trades, mistakes, and lessons learned to refine your strategy.

5. **Risk Management First** – Always use stop-loss orders, diversify, and avoid overleveraging.

Trading is a journey, not a sprint. Staying disciplined, continuously learning, and adapting to market conditions will help build long-term success.