#TradingMistakes101
Many new traders fall into common traps that can drain their portfolios. One major mistake is trading without a plan—emotions take over, leading to impulsive decisions. Overtrading and chasing losses often result in bigger setbacks. Ignoring risk management, like not setting stop-losses, can wipe out gains quickly. Relying solely on social media tips without doing your own research is risky. Also, failing to understand market trends and technical indicators can lead to poor entry and exit points. Learning from mistakes and staying disciplined is key to becoming a successful trader.