#TradingMistakes101 Common Trading Strategy MistakesNo Clear Plan: Traders enter markets without a defined strategy, trading impulsively based on emotions or rumors. This leads to inconsistent results and losses.Overcomplicating Strategies: Using overly complex strategies simultaneously overwhelms traders, clouding judgment and causing analysis paralysis.Ignoring Risk Management: Failing to set stop-losses or risking too much per trade exposes traders to devastating losses.Chasing Trends Blindly: Following market hype without research leads to buying high and selling low, missing optimal entry/exit points.Neglecting Backtesting: Not testing strategies on historical data results in unproven plans that fail in live markets.Overtrading: Executing excessive trades to recover losses or chase profits increases fees and emotional stress.Lack of Adaptability: Sticking rigidly to one strategy despite changing market conditions leads to missed opportunities.Poor Position Sizing: Allocating disproportionate capital to trades disrupts portfolio balance and amplifies risks.Emotional Trading: Letting fear or greed drive decisions overrides strategic discipline, causing erratic trades.Skipping Reviews: Not analyzing past trades prevents learning from mistakes, stunting growth.