#TradingMistakes101

Common Trading Mistakes Every Trader Should Avoid**

1. **Lack of a Trading Plan**

- Trading without a clear strategy is like driving blindfolded.

- A plan should include entry/exit rules, risk management, and goals.

2. **Ignoring Risk Management**

- Risking too much per trade (e.g., more than 1-2% of capital).

- No stop-loss orders → small losses turn into big ones.

3. **Overtrading**

- Taking too many trades out of FOMO or boredom.

- Chasing losses leads to emotional decisions.

4. **Letting Emotions Rule**

- Fear (exiting too early) and greed (holding too long) destroy profits.

- Stick to the plan, not impulses.

5. **Not Keeping a Trading Journal**

- Without tracking trades, you can’t learn from mistakes.

- Reviewing past trades helps refine strategy.