When I first started trading, I made some painful mistakes that cost me time, money, and confidence. Here’s what went wrong—and how I turned things around:
1. Trading Without a Plan
I used to rely on gut instinct and vibes. Spoiler: that didn’t work. These days, I don’t touch a trade unless I’ve got a clear setup and reason for entry.
2. Ignoring Stop-Losses
I’d watch red positions and *hope* they’d recover. Most didn’t. Now, I protect my capital first and exit trades when the setup breaks—no emotions, just rules.
3. Overtrading and Using Too Much Leverage
I was chasing every move, opening too many positions, and using insane leverage. It wrecked my account. Now, less is more—I trade only the best setups and manage size properly.
4. FOMO Entries
I used to see a big green candle and jump in, thinking I was catching momentum. Almost every time, I was too late. Now I wait for clean, planned entries. No chasing.
5. Lack of Patience
I wanted instant profits and fast wins. But over time I learned: consistent execution beats speed every time.
What Changed Everything:
I started focusing on risk management, studying market structure, and sticking to a strategy. That’s when my results turned around.
Final Word:
Protect your capital. Have a plan. Patience is your edge. Trade smart—not fast.