#TradingMistakes101
📉 Trading Mistakes 101 📉
Trading is not just buying and selling — it is an art and a science, and mistakes can cost you a lot! Here are the most common mistakes beginners make:
1️⃣ Greed and fear: The biggest enemies of the trader! Don't let emotions drive your decisions.
2️⃣ Lack of a plan: Entering the market without a strategy is like sailing without a compass.
3️⃣ Excessive risk: Don't risk more than you can afford to lose. Managing capital is more important than the trade itself.
4️⃣ Ignoring stop-loss: Holding onto a losing trade can increase your losses.
5️⃣ Relying solely on recommendations: Learn analysis, and don't fully depend on others.
✅ Successful trading starts with awareness of mistakes and avoiding them. Learn, plan, execute wisely.