#TradingMistakes101 #TradingMistakes101 โ€“ Here are some common pitfalls that traders (especially beginners) should avoid:

๐Ÿ”ป 1. Lack of a Trading Plan

Trading without a defined plan is like sailing without a map.

Always outline your entry, exit, risk management, and strategy.

๐Ÿ“ˆ 2. Overtrading

Taking too many trades can lead to burnout and losses.

Quality > Quantity.

โš–๏ธ 3. Poor Risk Management

Never risk more than 1-2% of your account per trade.

Always use stop-loss orders.

๐Ÿ˜ค 4. Letting Emotions Drive Decisions

Greed, fear, and FOMO (fear of missing out) ruin good strategies.

Stay disciplined and stick to your plan.

๐Ÿ“Š 5. Revenge Trading

Trying to "win back" after a loss usually leads to worse losses.

Take a break and reassess instead.

๐Ÿง  6. Not Learning from Mistakes

Keep a trading journal to track performance and behavior.

Review