#TradingStrategyMistakes The Most Common Mistakes in Trading Strategies – And How to Avoid Them
In the world of trading, a well-crafted strategy is the key to long-term success. However, even the best plans can fail due to common mistakes – often caused by emotions, lack of discipline, or overestimating one's knowledge. In this article, we review the most common mistakes in trading strategies and provide practical solutions to avoid them.
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1. Ignoring a clear trading plan
Mistake: Many beginner traders trade “by instinct” or follow trends without a well-defined plan.
Solution: Develop a trading plan that includes:
• entry and exit points,
• stop-loss and take-profit levels,
• the percentage of capital you are willing to risk per trade.