#DayTradingStrategy
Fatal mistakes in trading strategies ❌
Do you fall into these mistakes without realizing it?
Here are the most prominent:
1️⃣ Always relying on a single strategy
↪ Markets change, and your strategy should evolve with them.
2️⃣ Not backtesting the strategy
↪ Don't enter the market before testing your strategy's performance on historical data.
3️⃣ Trading without a clear exit plan
↪ Knowing when to exit is more important than knowing when to enter!
4️⃣ Not adjusting the risk-reward ratio
↪ Greed can completely destroy your account.
5️⃣ Being emotionally affected by trades
↪ Leave your emotions out of the trading room.
💡 Remember: Your success in trading does not only depend on a good entry, but on a comprehensive strategy built on knowledge, patience, and risk management.
