1. Trading without a plan
Jumping into trades without a clear strategy often leads to losses.
2. Risking too much on one trade
Putting too much money into one trade can wipe out your account quickly.
3. Ignoring stop-loss rules
Not using stop-loss orders means you could lose more than you can afford.
4. Letting emotions control decisions
Fear and greed often lead to bad choices and missed opportunities.
5. Overtrading
Making too many trades can lead to high fees and poor results.
6. Chasing losses
Trying to win back lost money by taking bigger risks usually makes things worse.
7. Not learning from mistakes
Repeating the same errors without reviewing past trades blocks improvement.
8. Trading without understanding the market
Guessing instead of studying leads to poor decisions and losses.
9. Following others blindly
Copying trades without knowing.
10. Ignoring news and events
Major news can move markets fast.
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