#TradingMistakes101

The most serious error in trading is entering without a clear plan. Many chase quick gains, becoming victims of emotion and greed. Common mistakes include: ignoring risk management, failing to set stop-loss orders, and trading based on rumors. Remember that patience and discipline are the keys to success. Do not trade with money you cannot afford to lose, and document each transaction to learn from your experiences. Trading is a science and an art, not a game of chance.