#BreakoutTradingStrategy Breakout trading involves entering positions when price moves beyond key resistance or support levels, often signaling strong momentum and potential for significant returns. However, false breakouts—known as fakeouts—can lead to losses if not carefully identified. Have you ever looked at your portfolio and wondered, "Where did it all go wrong?" 📉 Trust me, we've all been there. But what separates successful traders from the unsuccessful is one thing: learning from mistakes.

Let's be brutally honest. The biggest mistake isn't buying the top (although it hurts 💔). The biggest mistake is trading without a clear plan and strategy!

This includes:

* FOMO buying: Panic buying because "everyone is talking about it." 🚀

* Revenge trading: Trying to win back losses with impulsive trades. 😡

* Ignoring Stop-Loss: Hoping the market will just "fix itself."

* Risking too much: Putting too large a portion of your portfolio on a single bet.

Each of these mistakes is like a hole in a ship you're trying to keep afloat. 🚢 You can bail out water for a while, but eventually, you're going to sink.