#TradingStrategyMistakes Common trading strategy mistakes include overtrading, chasing losses, ignoring risk management and lacking a clear plan. Overtrading leads to excessive fees and emotional stress. Chasing losses can result in bigger losses. Ignoring risk management exposes traders to significant financial risks. Without a clear plan, traders make impulsive decisions based on emotions rather than analysis. Other mistakes include failing to adapt to changing market conditions, relying too heavily on indicators and not considering fundamental analysis. Effective traders avoid these pitfalls by staying disciplined, using sound risk management and continually refining their strategies based on experience and market feedback to improve performance.