#TradingMistakes101

1. Lack of Planning

- *Insufficient Research*: Not doing enough research on the markets, assets, or trading strategies.

- *No Clear Goals*: Not setting clear trading goals, risk tolerance, or profit targets.

2. Emotional Trading

- *Fear and Greed*: Allowing emotions to drive trading decisions, leading to impulsive and irrational choices.

- *Revenge Trading*: Trying to recoup losses by making impulsive trades, often resulting in further losses.

3. Poor Risk Management

- *Over-Leveraging*: Using too much leverage, which can amplify losses as well as gains.

- *Inadequate Stop-Loss*: Not setting or adjusting stop-loss orders to limit potential losses.

4. Inconsistent Trading

- *Lack of Discipline*: Not sticking to a trading plan or strategy, leading to inconsistent results.

- *Over-Trading*: Trading too frequently, resulting in excessive fees and potential losses.

5. Ignoring Market Analysis

- *Not Staying Informed*: Failing to stay up-to-date with market news, trends, and analysis.

- *Ignoring Technical Indicators*: Not using technical indicators or chart patterns to inform trading decisions.