#TradingMistakes101
A term that refers to trading errors when buying and selling due to neglecting certain aspects that should be considered :-
- Emotional state
- Lack of sufficient knowledge and awareness
- Relying on information from sources that may be misleading, as diversifying information sources for decision-making is important
- Absence of necessary knowledge in analyses and indicators that should be taken into account when dealing with the market
- Haste and risk-taking in entering and exiting without choosing the appropriate time frame (hour, day, etc.) which should be selected based on the type of transaction, the market, and the transaction amount
- Not choosing the type of trading carefully according to experience and sufficient knowledge (spot, futures, etc.)
- Not adhering to a clear strategy according to the trader's experience and knowledge
- Not considering the principles and standards of risk management that must be known and applied