#TradingMistakes101 focuses on common mistakes that traders often make and how to avoid them. Some of the most notable mistakes include:
- **Trading against the trend**: Trying to predict the market's highs or lows instead of following the overall direction can lead to unnecessary losses.
- **Risking too much on a single trade**: Betting a large portion of capital on a single transaction can lead to emotional decisions and increase the risk of significant losses.
- **Setting stop-losses too tight**: If stop-losses are set too close to the current price, they may be triggered by normal market fluctuations, taking the trader out of the trade before it develops properly.