#TradingMistakes101 Trading errors are common, especially for beginners, but learning from them is crucial for long-term success. One of the most frequent mistakes is trading without a clear plan, which can lead to impulsive decisions based on emotions rather than rational analysis. Another common mistake is not managing risk properly, such as failing to set stop-loss limits or investing more than one can afford to lose. A lack of discipline in following a strategy can also be detrimental, as can not staying informed about market conditions and economic events that can affect prices. Additionally, excessive leverage can amplify losses as much as gains. To avoid these mistakes, it is important to develop a solid trading plan, maintain discipline, and manage risk effectively. Continuous education and reflection on trading decisions are also key to improving and avoiding repeating the same mistakes.