#TradingMistakes101 Learn from the most common mistakes.
Are you new to trading? Avoid the mistakes that cost the most. Here we share the most common ones and how to prevent them:
1. Lack of plan: Trading without a clear strategy is like navigating without a compass. Define your objectives, entry/exit points, and risk level before each trade.
2. Not using stop-loss: This mistake can quickly drain your account. Always protect your capital with clear limits.
3. Overtrading: Trading excessively, especially due to emotions, is a recipe for disaster. Patience pays more than haste.
4. Ignoring risk management: Never risk more than 1-2% of your capital on a single trade.
5. Getting carried away by FOMO (Fear of Missing Out) can lead you to enter late or under unfavorable conditions.
Learn. Adjust. Improve.
