đš Top 5 Common Mistakes Traders Make (And How to Avoid Them)
Trading looks exciting, but most beginners fall into the same traps. Here are the top 5 mistakes and how you can avoid them:
â 1. Trading Without a Plan
Many traders jump in without clear entries, targets, or stop-loss.
â Solution: Always set a plan before clicking buy/sell.
â 2. Overusing Leverage
High leverage = high risk. One wrong move can wipe your account.
â Solution: Stick to low leverage (2xâ5x) until you master risk management.
â 3. Ignoring Risk Management
Putting your whole balance in one trade = disaster.
â Solution: Risk only 1â2% per trade. Use stop-loss every time.
â 4. Chasing Pumps & FOMO
Buying after a huge green candle often ends in losses.
â Solution: Wait for pullbacks and confirmations. Patience pays.
â 5. Trading with Emotions
Fear and greed make bad decisions.
â Solution: Stick to your strategy. Donât revenge trade.
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đĄ Final Tip: Trading is a marathon, not a sprint. Focus on discipline and consistency over quick profits.
in these trades i forget these rules and result in loss, đ