#TradingStrategyMistakes . **No Clear Plan**

Mistake: Trading without a strategy or exit plan.

Solution: Write a trading plan with entry/exit rules, risk tolerance, and profit targets. Follow it.

2. **Overleveraging**

Mistake: Excessive margin amplifies losses.

Solution: Limit leverage (5–10x for beginners). Risk only 1–2% of capital per trade.

3. **Ignoring Risk Management**

Mistake: No stop-loss or risking too much.

Solution: Use stop-losses, diversify, and risk only what you can afford.

4. **Emotional Trading**

Mistake: Fear or greed drives decisions.

Solution: Automate trades and stick to your plan.

5. **Chasing Losses**

Mistake: Doubling down to recover losses.

Solution: Accept losses and avoid revenge trading.

6. **Overtrading**

Mistake: Too many trades from FOMO or boredom.

Solution: Focus on high-conviction trades to reduce fees and errors.

7. **Ignoring Market Context**

Mistake: Using one strategy for all markets.

Solution: Adapt to volatility, trends, or ranging markets.

8. **Confirmation Bias**

Mistake: Seeking only supporting information.

Solution: Challenge your thesis with opposing views.

9. **Neglecting Backtesting**

Mistake: Using untested strategies.

Solution: Backtest on historical data and validate forward.

10. **No Record-Keeping**

Mistake: Not tracking trades.

Solution: Keep a journal to analyze and refine performance.

**Key Takeaway**: Discipline, risk management, and adaptability are crucial for successful trading.