#TradingStrategyMistakes Main mistakes that hinder earning
1️⃣ Lack of a clear plan
Are you trading on emotions or intuition? Without a strategy, you are just a visitor in the market. Define the rules for entry, exit, and risk management.
2️⃣ Over-optimization
Are you looking for the "perfect" strategy that is always profitable? Such strategies only work in theory. The real market is unpredictable.
3️⃣ Ignoring stop-losses
One of the most expensive mistakes. Stops are not fear, but a protection of capital. If you don’t set them, be prepared for losses.
4️⃣ Too frequent strategy changes
Not working after 3 trades? Changing your approach? A strategy requires time and statistics to prove its effectiveness.
5️⃣ Lack of adaptation to the market
Markets change. A strategy that worked in a range may fail in a trend. Be able to adapt.