#TradingMistakes101

🔻 1. Lack of a Trading Plan

Mistake: Entering trades based on gut feeling or tips.

Fix: Develop a clear trading plan that outlines entry/exit rules, risk management, and your strategy.

🎢 2. Overtrading

Mistake: Taking too many trades or increasing position sizes impulsively.

Fix: Stick to your plan and only take setups that meet your criteria. Quality > quantity.

💰 3. Risking Too Much

Mistake: Going all-in or risking more than 1–2% of your capital per trade.

Fix: Always use stop-loss orders and define your risk per trade to avoid large drawdowns.

🧠 4. Letting Emotions Take Over

Mistake: Fear and greed leading to panic selling or FOMO buying.

Fix: Keep a trading journal and practice emotional discipline. Trading is psychological warfare.

⏳ 5. Not Letting Profits Run

Mistake: Closing winning trades too early out of fear they’ll reverse.

Fix: Use trailing stops or partial profit-taking to let winners grow.

🔍 6. Ignoring Market Conditions

Mistake: Trading the same strategy in all market environments.

Fix: Adapt your strategies to the current market—trending, ranging, or volatile.

📚 7. Lack of Continuous Learning

Mistake: Thinking you know it all after a few wins.

Fix: Markets evolve. So should you. Read, backtest, and study consistently.

🕳️ 8. Revenge Trading

Mistake: Jumping back into the market after a loss to "win it back."

Fix: Take a break after losses. Revenge trading usually compounds mistakes.

🧾 9. Neglecting Record Keeping

Mistake: Not tracking trades or performance.

Fix: Maintain a trade journal with entry/exit reasons, outcomes, and emotions.

💡 10. Chasing Hype

Mistake: Buying into social media pump-and-dumps or news without research.

Fix: Do your own due diligence. If it’s already trending, it might be too late.