#TradingMistakes101

📉 #Common_Trading_Mistakes | #TradingMistakes101

❌ Mistakes to Avoid in the Trading World

1. Trading Without a Plan

Entering the market randomly leads to losses.

✅ Have a clear plan that includes entry and exit points and risk management.

2. Overtrading

Excessive trades cause stress and increase fees.

✅ Focus on quality, not quantity.

3. Neglecting Risk Management

A big risk in a single trade can wipe out your account.

✅ Do not risk more than 1-2% of your capital on a single trade.

4. Revenge Trading

Attempting to quickly recover losses increases losses.

✅ Take a break after a series of losses and reassess your strategy.

5. Weak Emotional Control

Fear and greed lead to wrong decisions.

✅ Rely on your plan, not your emotions.

6. Not Documenting Trades

Without a record, it's hard to learn from mistakes.

✅ Keep a trading journal to note the reasons for entry and exit and the outcomes.