Most beginner traders make costly mistakes without even realizing it. These mistakes drain your account, cause emotional stress, and make you doubt your trading ability. But the good news? You can fix them today.
Jumping into the market without a tested plan is like gambling. A winning trader always uses a proven strategy, backed by data.
Using too much leverage can turn a small mistake into a massive loss. Control your risk per trade.
Not setting stop-losses and risking too much per trade is a fast way to blow your account. Always protect your capital.
Fear, greed, and revenge trading destroy accounts. Use discipline and follow your plan, not your feelings.
Not investing in your education is like driving blindfolded. Learn from experienced traders and courses.
Buying just because the price is going up or selling in panic is a trap. Analyze before you act.