#TradingMistakes101

🚫 1. No Trading Plan

• What happens: Jumping into trades without clear entry, exit, or risk rules.

• Fix: Define your strategy ahead of time (setup criteria, stop-loss, target, max loss per trade), and stick to it.

💸 2. Ignoring Risk Management

• What happens: Overexposing a single trade, leading to large losses.

• Fix: Never risk more than 1–2% of your capital per trade; always set stop-losses.

🤔 3. Letting Emotions Drive You

• What happens: Fear or greed leading to chasing trades or holding losers too long.

• Fix: Use pre-set rules, avoid impulsive decisions, and consider trading with a demo account.

🔁 4. Overtrading

• What happens: Trading too frequently to “make back losses” or because you’re bored.

• Fix: Only trade setups that meet your criteria—quality over quantity.

📉 5. No Record‑keeping

• What happens: You repeat mistakes because you don’t track performance.

• Fix: Maintain a trade journal (entry reason, outcome, lessons). Review it weekly to spot patterns.

🎓 6. Neglecting Education

• What happens: Relying on tips or social media hype without understanding.

• Fix: Learn chart patterns, indicators, macro impacts, order types. Practice before risking real money.

🏛️ 7. Failing to Adapt

• What happens: Persisting with a failing strategy in changing market conditions.

• Fix: Know if your strategy suits trending vs ranging markets. Be ready to switch approach.

✍️ 8. Ignoring Technicals & Fundamentals

• What happens: Entering trades without analyzing charts or underlying factors.

• Fix: Combine technical levels (support/resistance, trendlines) with news and macro context.

🔄 9. Lack of Patience

• What happens: Prematurely exiting good trades or jumping in too early.

• Fix: Wait for confirmation, stick to your candles/timeframes, and let winners run.

🛠️ Tools & Best Practices

• Always use stop-loss/take-profit tools.

• Backtest strategies before live trading.

• Use paper trading to build discipline.