#TradingStrategyMistakes When discussing trading, it's just as important to acknowledge #TradingStrategyMistakes as it is to highlight successful tactics. One of the most common pitfalls is overtrading, where individuals make too many trades, often fueled by emotion or a desire to "make up" for losses, leading to increased fees and poor decision-making. Another significant error is failing to use stop-loss orders, leaving positions vulnerable to massive, uncontrolled losses during sudden market downturns. Many traders also fall into the trap of chasing pumps, buying into assets after they've already experienced significant price surges, only to see them retrace shortly after. Ignoring risk management principles altogether, such as risking too much capital on a single trade, is a recipe for disaster. Furthermore, lack of a defined strategy or inconsistent application of a strategy leads to chaotic and unprofitable trading. Lastly, emotional trading, letting fear or greed dictate decisions rather than sticking to a disciplined plan, frequently results in suboptimal outcomes.