#TradingMistakes101 the most common mistakes in trading and how to avoid them.:

Lack of a trading plan, trading without a clear strategy is like traveling without a map; it is essential to define objectives, entry and exit strategies, and risk management rules.

Unrealistic expectations, seeking quick profits without understanding the risks can lead to significant losses; it is important to set achievable goals and have patience.

Excessive use of leverage, while leverage can increase profits, it also amplifies losses; it is crucial to use it with caution.

Not setting stop-loss orders, failing to protect trades with loss limits can result in significant losses; a well-placed stop-loss helps to minimize risks.