Many traders make the mistake of not setting a stop-loss. They enter trades with high confidence but fail to plan for downside risk. This can lead to emotional decision-making and bigger losses. Another common error is revenge trading—trying to recover losses by overtrading. It's also important not to rely solely on social media tips; always do your own analysis. Proper risk management, consistent strategy, and emotional control are key to long-term success. I've learned that the market doesn't owe you anything, and patience is more profitable than chasing pumps.
