#TradingMistakes101 Trading can be profitable, but mistakes are common. Many beginners fall into the trap of overtrading, driven by emotion rather than logic. Another frequent mistake is not having a defined trading plan, operating without clear goals or exit strategies. The lack of risk management is detrimental: betting too much capital on a single trade can wipe out the account. Ignoring the psychology of trading, giving in to fear or greed, leads to irrational decisions. Finally, not learning from past mistakes condemns one to repeat them. Discipline, patience, and continuous learning are the pillars to avoid these common traps.