#TradingMistakes101 Common Mistakes You Should Avoid

In the exciting but volatile world of trading, making mistakes is part of the learning process, but some failures are repeated time and again. Avoiding them can be the key to protecting your capital and improving your results.

One of the most common mistakes is emotional trading. Letting fear or greed dictate your decisions will lead you to buy high out of euphoria or sell low out of panic. Stay calm and stick to your plan. Another frequent failure is the lack of a trading plan. Entering the market without a clear strategy on when to buy, when to sell, and how much risk to take is like navigating without a compass. Define your goals, your risk tolerance, and your entry/exit points.