#TradingMistakes101

🚫 TradingMistakes101: The Most Expensive Lessons You Don’t Want to Learn the Hard Way

Welcome to TradingMistakes101 — your crash course in avoiding the most common, costly, and confidence-crushing errors traders make. Whether you’re trading stocks, crypto, or forex, the markets reward discipline, not drama.

Learn these lessons now — or pay for them later.

❌ 1. Trading Without a Plan

Jumping into the market without a clear strategy is like skydiving without a parachute.

Mistake: "I'll just see what happens."

Fix: Create a trading plan that defines your entry, exit, position size, and risk tolerance — and stick to it.

❌ 2. Overtrading: More Isn't Better

Chasing every candle and trade setup leads to burnout — and blown accounts.

Mistake: Taking too many trades without real conviction.

Fix: Focus on high-probability setups. Fewer trades, better quality.

❌ 3. Ignoring Risk Management

Most beginners obsess over how much they can make, but pros obsess over how much they can lose.

Mistake: Risking 10–20% of your account on a single trade.

Fix: Use the 1% rule — never risk more than 1% of your account on any single position.

❌ 4. Revenge Trading

Taking a big loss and immediately jumping back in to "win it back" is a recipe for emotional disaster.

Mistake: Trading emotionally after a loss.

Fix: Step away. Analyze what went wrong, regroup, and return with a clear head.

❌ 5. Blindly Following “Gurus”

What worked for someone else might not work for you — especially if they’re selling you something.

Mistake: Copy-pasting strategies from Twitter, Reddit, or YouTube.

Fix: Learn the why behind a strategy. Then adapt and test it for your own goals and market conditions.

❌ 6. Not Keeping a Trading Journal

If you're not tracking your trades, you're not really improving.

Mistake: Repeating the same bad habits and not knowing why.

Fix: Log every trade: entry/exit, reasoning, emotion, outcome. Review weekly to find patterns.

🧠 Bonus: Thinking You’ll Get Rich Fast