#TradingMistakes101 📉
1️⃣ Lack of a Plan
Entering trades without a clear strategy or exit plan can lead to emotional decisions.
2️⃣ Overtrading
Too many trades in a short time can exhaust your account and cloud your judgment.
3️⃣ Ignoring Risk Management
Skipping stop-loss orders and risking too much capital per trade can wipe you out quickly.
4️⃣ Chasing the Market
Jumping in because of hype or FOMO (Fear of Missing Out) often leads to buying tops and selling bottoms.
5️⃣ Letting Losses Run
Holding losing positions hoping they’ll reverse can cause bigger losses.
6️⃣ Not Reviewing Trades
Failing to analyze past trades means you’ll repeat the same mistakes.
7️⃣ Ignoring Psychology
Trading without emotional control often leads to impulsive decisions.
---
🔑 Tip:
Stick to your plan, use proper risk management, and learn from your mistakes! 🚀