#TradingStrategyMistakes Common Mistakes in Trading Strategies 🔻

#TradingStrategyMistakes

1. Lack of a Clear Trading Plan

Entering the market without a plan? This is a fast track to losses.

2. Not Using Stop Loss

Even the best traders make mistakes, don't leave your trades open without protection.

3. Constantly Changing Strategies

Do you change your approach every time you lose? Sticking to a well-thought-out strategy is better than floundering.

4. Risking Too Much on One Trade

Don't gamble a large percentage of your capital on a single trade no matter how confident you are.

5. Trading Under Emotional Pressure

Fear, greed, anger… these feelings can destroy accounts.

6. Not Testing the Strategy on a Demo Account

Test before you risk your money.

7. Ignoring Fundamental or Technical Analysis

Trading without analysis is like driving with your eyes closed.

8. Overtrading

Not every market movement is an opportunity. Patience is important.