#TradingMistakes101 Many beginners make common trading mistakes that can cost them heavily. One of the biggest mistakes is trading without a plan. Jumping into the market without clear goals, entry and exit points, or risk management strategies often leads to losses.

Another frequent error is emotional trading. Fear and greed can push traders to panic sell or overbuy, especially during volatile market swings. Also, many traders ignore the importance of stop-loss orders, exposing themselves to massive losses if the market moves unexpectedly.

Overleveraging is another risk, especially in futures trading, where borrowing too much can lead to liquidation. Lastly, following hype or influencers blindly without doing personal research (DYOR) can result in poor decisions.

To become a better trader, it’s essential to learn from these mistakes and improve consistently.