#TradingMistakes101 #TradingMistakes101

One of the most common trading mistakes is letting emotions dictate decisions. Whether it's the fear of missing out (FOMO) or panic selling during a dip, emotional trading often leads to poor results. Many traders also neglect to use stop-loss orders, which can result in significant losses. Overleveraging is another pitfall, where traders borrow too much capital, exposing themselves to amplified risks. Chasing trends without proper analysis and lacking a solid trading plan are also frequent errors. To succeed, traders must stay disciplined, educate themselves continuously, and manage risk properly. Patience and consistency are more valuable than quick wins. #SmartTrading