#TradingMistakes101

Trading mistakes are common errors that traders often make, especially newcomers. A fundamental mistake is the lack of a clear trading plan, leading to emotional decisions and losses. Poor risk management, such as betting too much capital on a single trade, is also a significant issue. Many people chase emotions, buying when the market is euphoric or selling when in panic, instead of relying on analysis. Additionally, not learning from previous mistakes causes them to repeat failures. To succeed, traders need discipline, a specific strategy, and a long-term mindset, avoiding getting caught up in short-term fluctuations.