#TradingMistakes101
Avoid these critical trading mistakes:
* No Plan: Trading without a defined strategy, entry/exit points, or risk limits leads to impulsive decisions.
* Poor Risk Management: Failing to use stop-losses, overleveraging, or risking too much per trade can wipe out capital quickly.
* Emotional Trading: Fear, greed, and impatience drive poor decisions like FOMO or revenge trading.
* Insufficient Research: Neglecting fundamental/technical analysis or understanding market conditions leads to uninformed trades.
* Overtrading: Excessive trading increases costs and leads to fatigue and sloppy analysis.
Discipline, a solid plan, and emotional control are key to success.