#TradingMistakes101 One of the biggest trading mistakes is letting emotions drive decisions—fear makes you exit too early, while greed keeps you in too long. Overtrading, revenge trading after losses, and ignoring risk management are other common errors. Many traders fail to stick to a plan, chase trends blindly, or neglect backtesting strategies. Lack of patience and discipline leads to impulsive trades, while failing to cut losses quickly destroys accounts. Ignoring market conditions and trading without a clear edge also hurt performance. The key? Follow a strategy, manage risk, and stay emotionally detached. Learn from mistakes—or keep repeating them.