#TradingMistakes101 Trading Mistakes 101 highlights the most critical errors novice traders make—and how to avoid them:

Without a solid trading plan, many dive in impulsively, failing to define entries, exits, and risk limits . Overtrading—driven by FOMO, boredom, or attempts to chase losses—is a major account killer . Poor risk management, such as ignoring stop‑losses or overleveraging (risking more than 1–2 % per trade), often wipes out accounts . Emotional pitfalls—including revenge trading, fear, and greed—lead to erratic decisions . Reddit users sum it up well:

> “Most traders … lose money because they make behavioral and risk management mistakes” .

By sticking to a clear plan, controlling risk, and mastering emotional discipline, new traders can greatly improve their odds.