#TradingStrategyMistakes Even the best traders make mistakes, but recognizing common pitfalls can protect your capital. One major error is lack of a clear plan—entering trades based on emotions or hype leads to inconsistency. Overtrading or using excessive leverage can quickly wipe out gains. Ignoring risk management, like not setting stop-losses, is a recipe for disaster. Traders also often chase losses or abandon strategies too early, driven by impatience. Lastly, failing to review and adapt strategies based on market conditions stalls growth. Learn from every mistake, keep refining your approach, and stay disciplined to build long-term success in trading.