7 Common Trading Mistakes to Avoid
Learn from the most frequent errors that cost traders money and discover how to avoid these costly pitfalls:
- Overtrading - Taking too many positions without proper analysis
- Ignoring Risk Management - Not setting stop-losses or position limits
- Emotional Trading - Making decisions based on fear or greed
- Lack of Trading Plan - Trading without clear entry and exit strategies
- Chasing Hot Tips - Following unverified market rumors
- Poor Timing - Entering trades at suboptimal moments
- Inadequate Research - Not understanding the assets being traded