#TradingMistakes101 Common trading mistakes include entering trades without a clear plan, which can lead to poor decisions and losses. Reflecting on personal experiences and sharing lessons learned can help new traders avoid these pitfalls. Another mistake is overtrading, where traders take too many positions in a short period, often driven by emotions rather than strategy. This can result in increased transaction costs and potential losses. Additionally, failing to set stop-loss orders can expose traders to significant risks, as it leaves them vulnerable to market fluctuations without a safety net. Another common mistake is not conducting proper research before making trades, which can lead to uninformed decisions. Traders should also be cautious of chasing losses, as this can result in a cycle of poor trading behavior. Additionally, neglecting to keep a trading journal can hinder a trader's ability to learn from past mistakes and improve their strategies over time. It's also important to avoid letting greed dictate trading decisions, as this can lead to holding onto losing positions for too long. Lastly, not adapting to changing market conditions can leave traders unprepared for unexpected shifts, emphasizing the need for flexibility in trading strategies.