#TradingMistakes101 Traders often falter by lacking a clear plan, jumping into trades without defined entry, exit, or risk rules. Emotional decisions—driven by fear, greed, overconfidence, revenge after losses—frequently derail strategies . Overtrading, fueled by impatience or FOMO, raises costs and stress . Neglecting risk management—skipping stop-losses, over-leveraging, risking too much per trade—is a recipe for wiping out accounts . Common patterns include cutting winners too soon or holding losers too long, plus chasing trends or hot tips without research . The solution: build a solid trading plan, stick to risk limits (1–2 %), use stop-loss orders, trade only high‑conviction setups, and regularly journal trades to manage emotion and improve over time.