🚫 Top #TradingStrategyMistakes to Avoid 🚫
Many traders fail not because of bad markets, but because of bad habits. Here are some costly mistakes to watch out for:
1️⃣ No clear plan: Entering trades without defined entries, exits, or stop-loss levels is like sailing without a compass.
2️⃣ Ignoring risk management: Risking too much on a single trade is the fastest way to blow up an account. Stick to a rule — like risking only 1-2% of your capital per trade.
3️⃣ Overtrading: More trades don’t mean more profit. Be selective and wait for high-quality setups.
4️⃣ Letting emotions lead: Fear and greed ruin more accounts than any bad market condition. Stay disciplined.
5️⃣ Not reviewing mistakes: The market is your best teacher. Keep a trading journal and learn from both losses and wins.
Trade smart, not hard! 📊