#TradingStrategyMistakes

Common trading strategy mistakes abound. A frequent misstep is lacking a clear, well-defined plan; impulsive decisions often lead to losses. Over-leveraging, or risking too much capital on a single trade, can wipe out an account quickly. Ignoring risk management, such as setting stop-loss orders, is another critical error, exposing traders to unlimited downside. Blindly following news or "hot tips" without independent analysis proves detrimental. Furthermore, failing to adapt strategies to changing market conditions, or conversely, constantly jumping between different approaches without sufficient testing, hinders consistent profitability. Emotional trading, driven by fear or greed, overrides rational judgment and is a recipe for disaster.