#TradingMistakes101 Avoid these common trading pitfalls!

* No Trading Plan: Don't trade impulsively. Define your strategy, entry/exit points, and risk tolerance before you open a position.

* Emotional Trading: Fear and greed cloud judgment. Stick to your plan, and never "revenge trade" after a loss.

* Ignoring Risk Management: Always use stop-loss orders to limit potential losses. Never risk more than you can afford to lose.

* Over-leveraging: While leverage amplifies gains, it magnifies losses. Use it cautiously and understand its implications.

* Lack of Research: Don't rely on tips or "gut feelings." Thoroughly research assets and market conditions.

* Overtrading: Quality over quantity. Don't chase every small move; wait for high-probability setups.

Learning from mistakes is part of the journey!

#TradingMistakes101