#TradingStrategyMistakes
Hashtag #TradingStrategyMistakes means "Trading Strategy Mistakes", referring to common mistakes made by traders while using their strategies.
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💥 Key mistakes summarized:
1. ⚠️ Not sticking to the plan
Entering or exiting a trade without a clear reason or outside the established plan.
2. ⌛ Late entry
Entering a trade after the opportunity has passed, when the trend has weakened or reversed.
3. 😱 Emotional trading
Such as fear or greed, leading to hasty decisions (buying after a sharp rise or selling at a loss without technical reason).
4. ❌ Not setting a Stop Loss
Leads to significant losses if the market suddenly reverses direction.
5. 🔄 Constantly changing strategies
Not adequately testing a strategy, and switching between strategies without a convincing reason.
6. 💰 Excessive risk
Entering with size