#TradingMistakes101 Here are common trading mistakes to avoid:
1.Over-reliance on a Single Indicator: Relying too heavily on one indicator can lead to biased decision-making. Use multiple indicators to confirm trends.
2.Insufficient Risk Management: Failing to set stop-losses and manage risk can result in significant losses.
3.Emotional Trading: Letting emotions dictate trading decisions can lead to impulsive choices. Stay calm and objective.
4.Inadequate Research: Not doing thorough research on market trends and analysis can lead to poor trading decisions.
5.Impatience; Trading without a clear strategy or expecting overnight success can lead to frustration and losses.