#TradingMistakes101
Emotional and Psychological Errors
### 1. Trading Driven by Fear and Greed
* **Fear (FOMO)**: Buying due to fear of missing out on a price increase
* **Greed**: Holding positions out of desire for more profits
* **Panic**: Selling currencies quickly at the first drop in price
### 2. Lack of Adherence to the Plan
* Abandoning the trading strategy at the first loss
* Changing the plan based on others' opinions or breaking news
* Not sticking to predetermined entry and exit points
### 3. Overtrading
* Executing too many trades without sufficient analysis
* Lack of patience and desire for quick profits
* Trying to recover losses with successive unstudied trades
## Technical and Strategic Errors
### 4. Not Using Stop-Loss Orders
* Ignoring the need to set stop-loss points before entering a trade
* Setting stop-loss orders too far from the entry price
* Frequently adjusting stop-loss orders during the execution of the trade
### 5. Poor Capital Management
* Risking a large percentage of capital on a single trade