*Trading Mistakes 101*
New traders often fall into common traps. One major mistake is trading without a clear plan or strategy. Emotional decisions, driven by fear or greed, lead to poor entries and exits. Overleveraging can amplify losses quickly. Ignoring risk management, like skipping stop-loss orders, increases exposure. FOMO (fear of missing out) causes traders to chase trends and buy at peaks. Overtrading, or making too many trades, reduces profits due to fees. Relying on random tips instead of research is risky. Learning from mistakes, staying disciplined, and continuously improving are key to long-term trading success. Trade smart, not emotional.
