#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