#TradingMistakes101 Top Trading Mistakes

Here's a quick rundown of common trading pitfalls:

Poor Planning

* No plan: Trading without a clear strategy for entry, exit, or risk.

* Poor research: Not understanding what you're trading or market conditions.

* Unrealistic goals: Expecting fast riches, leading to reckless decisions.

Emotional Traps

* Emotional trading: Letting fear (FOMO, holding losers) or greed (overleveraging, overstaying winners) rule your decisions.

* Revenge trading: Trying to win back losses immediately, often digging a deeper hole.

* Lack of discipline: Straying from your trading plan due to impulses.

Bad Risk Management

* No stop-loss: Leaving yourself open to unlimited losses.

* Wrong position sizing: Risking too much capital on one trade.

* Overleveraging: Using too much borrowed money, which magnifies losses.

Execution Issues

* Slippage: Orders filling at unexpected prices.

* Misreading signals: Incorrectly interpreting charts or indicators.

* Ignoring costs: Underestimating how fees impact your profits.

Neglecting Learning

* No trading journal: Not recording and learning from your trades.

* Skipping reviews: Failing to analyze past performance.

* Not adapting: Sticking to old strategies in changing markets.

Avoiding these common errors is crucial for better trading outcomes.