#TradingMistakes101
Trading Mistakes
that beginners and even experienced traders make
Entering the market without a Trading Plan
- Mistake: Entering trades without a clear plan that defines entry and exit points, risk management, and goals.
- Result: Making random and emotional decisions that lead to losses.
To trade efficiently and avoid losing your money, you should consider these three points
1️⃣ Create a pre-defined trading plan and stick to it regardless of your emotions.
2️⃣ Use stop-loss orders to protect your capital from downturns.
3️⃣ Avoid revenge trading; don’t try to recover your losses quickly!
