#TradingMistakes101 #TradingMistakes101

📉 Trading Mistake 101: The Most Common Basic Mistakes

Here are some main mistakes referred to as "trading mistake 101":

1. No Trading Plan

> Entering the market just because of a "feeling", following others, or FOMO.

Not knowing when to enter or exit.

Not knowing how much risk can be tolerated.

Not using a clear entry/exit strategy.

2. Overtrading

> Opening positions too often due to overconfidence or wanting to make quick profits.

Trading too much in a day or at once.

Increasing risk without strong justification.

3. Not Setting Stop Loss

> Assuming "the price will definitely come back" and continuing to hold losing positions.