#TradingStrategyMistakes

Even the best traders make errors, but recognizing common pitfalls can save your portfolio!

Here are a few to watch out for:

* Lack of a Clear Plan: Trading without defined entry/exit points and risk management is gambling, not trading.

* Emotional Decisions: Letting fear or greed dictate your moves can lead to impulsive and regrettable trades.

* Overtrading: Chasing every small move or trading too frequently can quickly erode capital through commissions and poor execution.

* Ignoring Risk Management: Not setting stop-losses or position sizing correctly can lead to massive losses from a single bad trade.

* Not Adapting: Market conditions change. A strategy that worked yesterday might fail today if you're not flexible.

* Revenge Trading: Trying to recoup losses immediately often leads to even bigger losses.

What's a common #TradingStrategyMistake you've learned from? Share your insights!

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