#TradingMistakes101

Common trading mistakes often stem from a lack of discipline and emotional biases. Many traders, especially beginners, fail to develop a clear trading plan, leading to impulsive decisions. Over-leveraging, not setting stop-loss orders, and risking too much capital on a single trade are frequent pitfalls that can quickly deplete accounts. Additionally, psychological factors like fear of missing out (FOMO), greed, revenge trading after a loss, and overconfidence after a win, often lead to irrational choices, preventing consistent profitability. Maintaining a trading journal and continuous learning are crucial to overcome these errors.