#TradingMistakes101 Trading mistakes can be costly. Here are some common ones to watch out for:

Emotional Trading

1. *Fear and Greed*: Letting emotions drive trading decisions can lead to impulsive choices.

2. *Revenge Trading*: Trying to recoup losses by making impulsive trades can exacerbate losses.

Risk Management

1. *Insufficient Stop-Loss*: Failing to set or adjust stop-loss orders can lead to significant losses.

2. *Over-Leveraging*: Using excessive leverage can amplify losses.

Market Analysis

1. *Inadequate Research*: Failing to thoroughly research market trends, news, and analysis can lead to poor trading decisions.

2. *Confirmation Bias*: Focusing on information that confirms existing biases can lead to missed opportunities or unexpected losses.

Trading Discipline

1. *Over-Trading*: Excessive trading can lead to increased costs and decreased performance.

2. *Lack of Patience*: Failing to wait for trading opportunities that meet your strategy can lead to poor results.

Other Mistakes

1. *Insufficient Record-Keeping*: Failing to track trades and performance can make it difficult to identify areas for improvement.

2. *Not Adapting to Market Changes*: Failing to adjust trading strategies in response to changing market conditions can lead to poor performance.

By being aware of these common trading mistakes, you can take steps to avoid them and improve your trading performance.

Would you like to know more about trading strategies or risk management?