Making mistakes in trading is common, especially for beginners. One of the most frequent errors is trading without a plan. Jumping into the market based on emotions or hype often leads to poor decisions. Another big mistake is overleveraging—using too much borrowed capital can wipe out your funds quickly during market swings. Many traders also ignore stop-losses or move them emotionally, hoping for reversals. FOMO (Fear of Missing Out) is another trap; chasing pumps usually ends in losses. Lastly, failing to manage risk and portfolio allocation is dangerous. Always analyze your trades, learn from past errors, and stick to your strategy.
