$BTC
Complete reliance on a single strategy: The market is volatile, and what works today may not work tomorrow. Strategies must always be tested and adjusted.
• Not adhering to a trading plan: Hesitation or recklessness leads to emotional decisions. Success requires strict discipline.
• Ignoring capital management: A successful strategy can fail if risks are not managed properly.
• Entering trades without confirmation: Relying on a single signal without supporting indicators can lead to losses.
• Exceeding the recommended number of trades (Overtrading): Excessive trading strains the account and increases exposure to risks.
Avoiding these mistakes does not guarantee immediate success, but it puts you on the right path to achieving sustainable profits. Understanding the strategy, testing it, and continuously adjusting it is the key to excelling in financial markets.