#TradingStrategyMistakes
๐ฅ 5 Fatal Mistakes in Trading That You Must Avoid!
1. Entering Without a Plan (Random Entry)
> Many traders immediately FOMO into positions just because of drastic candle movements up or down. However, it may not necessarily align with the trend direction.
โ Solution: Use a clear strategy (e.g.: EMA + RSI) and wait for confirmation.
2. Not Setting Stop Loss
> This is a classic mistake. Once you go the wrong way, you can immediately float -80% even up to margin call.
โ Solution: Set SL according to analysis, not based on emotions.
3. Overtrading (Continuous Trading)
> Just a little profit, and then immediately enter again. Mentally exhausting, and the result is a loss.
โ Solution: Limit to 1-3 entries per day, focusing on quality over quantity.
4. Going Against the Trend Direction
> Entering short when the market is strongly bullish, just because of a doji candle.
โ Solution: First, check the trend direction on a larger time frame (H1, H4, D1).
5. Not Self-Evaluating
> Continuously failing but not knowing where the mistake is.
โ Solution: Check your trading history, write a journal, and review your entries & exits.
๐ Trading is not about seeking quick profits, but about discipline and consistency. The more you understand your mistakes, the smaller your chances of losing.