Even the most experienced traders make mistakes. Some of the most common mistakes include entering a trade out of emotion, ignoring the trading plan, or failing to use stop loss orders. Many also fall into the trap of chasing the price after a sharp rise, buying at the peak and selling at the bottom. Trading without proper capital management or entering with amounts beyond one's tolerance is a fatal mistake. Learning from mistakes and analyzing each trade after execution helps you improve. Successful trading is not about immediate profit, but about consistency and discipline.