#TradingMistakes101

Trading Mistakes 101" is a foundational guide that helps traders, especially beginners, understand and avoid common errors that can negatively impact their trading performance. It covers basic concepts and strategies to minimize losses and maximize profit. These include creating a trading plan, understanding risk management, and controlling emotions. 

Key Mistakes and Solutions:

Lack of a Trading Plan:

Developing a clear strategy that outlines entry points, exit points, risk levels, and profit targets is crucial. This provides structure and discipline. 

Ignoring Risk Management:

Understanding your risk tolerance and using tools like stop-loss orders to limit potential losses is essential. A common recommendation is to risk no more than 1-3% of your account balance on a single trade.