#TradingMistakes101 One of the biggest mistakes beginner traders make is trading based on emotions. The fear of loss and greed often push people into rash decisions. Another common mistake is the lack of a trading strategy or plan. It is important to set stop-losses to avoid significant losses. Additionally, one should not enter positions without proper analysis — both technical and fundamental. Excessive use of leverage can also lead to position liquidation. Do not succumb to FOMO — always analyze risks before entering.