#TradingMistakes101 #Trading Mistakes 101
One of the biggest mistakes new traders make is entering the market without a solid plan. Jumping in based on hype or emotion can lead to poor decisions and major losses. It's important to understand that trading isn’t gambling—it’s a skill that requires discipline and research. Another common error is overleveraging, which can wipe out an account in seconds if the market turns against you. Many also ignore risk management, putting too much capital into a single trade. Failing to set stop-losses or take-profits is like driving without brakes. Patience, education, and consistency are key to avoiding these traps. Master these basics before risking real money.