#TradingMistakes101

Trading Mistakes 101 ๐Ÿšจ (Simple English)

1. No Plan ๐Ÿ—บ๏ธ โ€“ Youโ€™re trading without a clear idea of what to do.

2. Too Many Trades ๐Ÿ” โ€“ Youโ€™re trading too often and taking too much risk.

3. Letting Emotions Take Over ๐Ÿ˜ฑ๐Ÿ˜ก โ€“ Fear and greed can mess up your decisions.

4. Not Managing Risk ๐ŸŽฒ๐Ÿ’ธ โ€“ Youโ€™re risking too much money on one trade.

5. Jumping In Too Late ๐Ÿƒโ€โ™‚๏ธ๐Ÿ“‰ โ€“ Buying or selling after the big move is already done.

6. Not Learning Enough ๐Ÿ“šโŒ โ€“ Trading without understanding how it works.

7. Not Keeping Track ๐Ÿ“๐Ÿ™ˆ โ€“ You donโ€™t write down or review your past trades.

8. Expecting Fast Money ๐ŸŒ™๐Ÿš€ โ€“ Thinking youโ€™ll get rich quickly, which is unrealistic.

โœ… How to Get Better:

Make a plan ๐Ÿ“Š, protect your money ๐Ÿ›ก๏ธ, stay calm ๐Ÿง , keep learning ๐Ÿ“–, and track your progress ๐Ÿ“˜.