#TradingMistakes101

Common Trading Mistakes:

1. Lack of a Trading Plan

➤ Trading haphazardly without a clear plan.

2. Overtrading

➤ Trading too many times without a logical reason or out of greed/boredom.

3. Lack of Risk Management

➤ Risking large sums without using a stop-loss.

4. Revenge Trading

➤ Trying to quickly recover losses, which increases losses.

5. Late Entry (FOMO)

➤ Fear of missing out and entering a trade too late.

6. Lack of Knowledge

➤ Trading without a sufficient understanding of the markets or financial instruments.

7. Not Recording Trades

➤ Not recording trades prevents you from learning from mistakes.

8. Ignoring Market Conditions

➤ Using the same strategy in all circumstances.

9. Following Others Without Analysis

➤ Imitating Others' Trades Without Personal Study

10. Emotional Influence

➤ Making decisions based on fear or greed rather than logic.