#TradingMistakes101 Learn Before You Burn

Trading can be incredibly rewarding, but it’s also full of pitfalls that even experienced traders sometimes fall into. If you’re just starting out, here are some of the most common mistakes to avoid:

1️⃣ Lack of a Trading Plan

Jumping into trades without a clear plan is like sailing without a compass. Define your entry, exit, and risk management strategy before placing any trade.

2️⃣ Overtrading

Trying to chase every opportunity often leads to losses. Quality over quantity should be your mantra. Wait for high-probability setups and be patient.

3️⃣ Ignoring Risk Management

Many traders blow their accounts because they risk too much on a single trade. Never risk more than 1-2% of your trading capital on any one position.

4️⃣ Emotional Trading

Letting fear and greed drive your decisions can be disastrous. Stick to your plan and avoid impulsive trades. Discipline is key.

5️⃣ Not Keeping a Trading Journal

Without tracking your trades, it’s hard to learn from mistakes or replicate successes. A detailed journal helps you analyze and improve over time.

Remember, every trader makes mistakes — the goal is to learn from them and evolve. Stay humble, stay hungry, and keep learning.

Happy trading! 🚀

#TradingMistakes101 #TraderTips #LearnAndEarn