#TradingMistakes101
❌ Error: Entering a trade without a plan
✅ Correct: “Planning before trading is like a compass at sea; without it, you will get lost no matter how skilled you are.”
🚫 Don't enter the market just because you “feel” the time is right.
📊 Use a clear plan that includes:
• Entry point
• Stop loss
• Profit target
• Capital management
🎯 Stick to your plan, and monitor performance to improve your strategy over time.
💡 Trading is discipline, not intuition.