#TradingMistakes101

#TradingMistakes101

Trading without a solid plan is a common mistake that costs a lot. Acting on emotion rather than analysis leads to ill-considered decisions. One of the fatal mistakes is neglecting to set a stop-loss or risking a large capital in a single trade. Overtrading out of greed or boredom gradually weakens the account. Do not let a series of profits deceive you into overconfidence, and do not let losses drag you into a random revenge against the market. Imitating others or blindly relying on recommendations without understanding is a path to loss. Successful trading requires discipline, patience, and a clear strategy. Continuous learning and performance evaluation help in development. Most importantly, know when to enter a trade, when to exit, and when to never trade.