#TradingMistakes101 highlights common pitfalls that both new and experienced traders should avoid. One of the biggest mistakes is emotional trading—letting fear or greed drive decisions instead of logic and strategy. Overtrading is another frequent error, where excessive trades are made without clear setups, leading to unnecessary losses and high fees. Many traders also ignore risk management, such as trading without stop-loss orders or risking too much on a single trade.
Chasing trends without research or blindly following social media hype can result in buying at the top and selling at a loss. Another key mistake is failing to have a plan—trading without clear entry, exit, and risk parameters often leads to inconsistent results. Lastly, not reviewing past trades keeps traders from learning and improving.
Avoiding these #TradingMistakes101 can significantly improve your performance and mindset. Discipline, patience, and a solid strategy are your best tools for long-term success.