#TradingStrategyMistakes Trading Without a Clear Plan

Many traders enter the market without a tested strategy, resulting in random outcomes and high risk.

A trading plan should include entry and exit points, position size rules, and clear risk management parameters.

2. Poor Risk Management

Not using stop-loss or placing the stop-loss too wide.

Taking on more risk than one can bear, leading to quick capital depletion.

3. Trading Based on Emotions

Trading decisions driven by fear, greed, or anger, rather than rational analysis.