Even the best strategies can fail if the trader makes repeated mistakes.
Learn about the most prominent ones to avoid common errors in it:
Not sticking to the plan: Changing entry points, targets, or stop-losses without logical reasons.
Ignoring capital management: Entering a very large amount in a single trade, exposing the portfolio to significant losses.
Not verifying signals: Relying on only one signal without additional confirmations (such as trading volume or supporting indicators).
Emotional trading: Fear and greed are among the most common reasons traders break their strategy.
Chasing the market (FOMO): Entering late trades just because the market is moving strongly, which often ends in losses.
Overtrading: Opening too many trades without real signals.
Not updating: Failing to adjust the strategy to suit market changes or sudden news.
And to reach the goals:
Stick to the plan.
Use risk management.
Train yourself on patience and discipline.
Successful trading relies 80% on psychology and discipline and only 20% on the strategy.
