#TradingStrategyMistakes
Many traders make critical mistakes that undermine their strategies. One common error is overtrading—entering too many positions without clear setups, driven by emotion or impatience. Poor risk management, like risking too much on a single trade or not using stop-loss orders, can quickly lead to large losses. Another frequent mistake is failing to follow a consistent plan, often due to fear or greed. Traders may also ignore broader market conditions or rely too heavily on untested indicators. Chasing losses, revenge trading, and letting winners turn into losers by not taking profits are also pitfalls. A disciplined, well-tested strategy with strict risk controls is essential for long-term success in trading.