#TradingMistakes101 Trading mistakes are pitfalls that can derail even the most skilled investors. A lack of a solid trading plan often leads to impulsive decisions driven by emotions like fear and greed, resulting in overtrading and chasing losses. Ignoring fundamental risk management principles, such as setting stop-loss orders and diversifying portfolios, leaves traders vulnerable to significant financial setbacks. Overconfidence and analysis paralysis can further cloud judgment, while neglecting to track trades and learn from past errors prevents improvement. Ultimately, avoiding these common trading mistakes requires a disciplined approach, a commitment to continuous learning, and a focus on managing risk effectively.