#TradingMistakes101
Here is an overview of the most common trading mistakes—whether you are in stocks, crypto, forex, or sports betting (yes, this applies there too):
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1. Lack of Plan
"Failing to plan is planning to fail."
No entry/exit strategy.
No risk/reward rules.
Acting under the influence of emotion rather than logic.
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2. Overleveraging
Using too much margin.
One bad move and you are out.
Greed often fuels this.
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3. Revenge Trading
Trying to "recover" losses.
Leads to impulsive and irrational decisions.
Almost always ends worse.
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4. Ignoring Risk Management
Risking more than 1 to 2% of your account per trade = disaster.
No stop-loss = no safety net.
Small losses > blown accounts.
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5. Chasing the Market
FOMO buying at the top.
Panic selling during dips.
Reacting instead of anticipating.
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6. No Journal or Data Review
Not tracking trades = not learning.
You can't fix what you don't measure.
Treat trading like a business.
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7. Becoming Greedy
Trying to double your account overnight.
Holding trades too long.
Profit is not real until it is realized.
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8. Blindly Following Others
Copying signals without understanding why.
Twitter/Reddit/YouTube ≠ trading strategy.
Learn to think, not what to buy.
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9. Trading Too Often (Overtrading)
Quality > quantity.
Every trade has an opportunity cost.
The market is not going anywhere.
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10. Not Adapting to Market Conditions
Strategies that work in a bull market may fail in a sideways market.
Stay flexible, not stubborn.