#TradingStrategyMistakes Trading strategy mistakes are common, especially for beginners, and can lead to significant losses. One major mistake is **trading without a clear plan**. Many traders jump into the market without setting goals, entry, or exit points. Another common error is **ignoring risk management**. Failing to use stop-loss orders or risking too much on a single trade can wipe out accounts quickly.

**Overtrading**—taking too many trades out of excitement or fear of missing out (FOMO)—often leads to poor decisions. **Chasing the market** or buying based on emotions rather than analysis is another big mistake. Some traders also make the error of **not sticking to their strategy**, changing it too often after a loss.

**Lack of patience** and trying to get rich quickly can cause traders to abandon long-term strategies. Successful trading requires discipline, proper research, and emotional control. Learning from mistakes and keeping a trading journal can help improve over time.