#TradingMistakes101 Learn from losses - Trade wisely 🧠📉

Players (traders) in the market makes mistakes, regardless of their experience. The important part is to learn from and avoid making that mistake again. This edition of #TradingMistakes101 highlights the most common ones.

1️⃣ Over-trading: multi-position entries without a clear and outlined strategy or plan.

2️⃣ FOMO: riding the hype wave and entering late without any analysis or backtesting.

3️⃣ No Stop-Losses: trading risk-free is a guaranteed way to lose quickly.

4️⃣ Ignoring Risk Management: never trade more than what you can afford to lose.

5️⃣ Revenge Trading: letting emotions influence your trades after experiencing losses is a good way to put yourself in a bind.

📌 A smart trader learns, adapts, and evolves. Mistakes come with the territory - just don’t let them define you as a player!

💬 What mistake taught you a valuable lesson? We want to know your story!