Trading mistakes can be costly! Here are some common ones to watch out for:
1. *Overtrading*: Excessive buying and selling, leading to high fees and losses.
2. *Emotional trading*: Making decisions based on emotions, rather than logic.
3. *Insufficient risk management*: Failing to set stop-losses, position sizing.
4. *Lack of research*: Trading without understanding the market or asset.
5. *Impatience*: Expecting quick profits, leading to reckless decisions.
6. *Not adapting*: Failing to adjust strategies to changing market conditions.
To avoid these mistakes, focus on:
1. Education and research
2. Risk management
3. Disciplined trading
4. Patience and persistence