1. Trading without a clear plan: 📊 Entering the market without a specific strategy is like gambling. You must have a clear plan that includes your goals, entry and exit points, and stop loss before starting any trade.

2. Neglecting to use a stop loss: 🚫 Not setting a stop loss exposes you to unlimited losses. The market may move against you suddenly, and without a stop loss, losses can accumulate quickly.

3. Excessive use of leverage: ⚖️ Leverage may magnify profits, but it also magnifies losses. Many traders lose their entire accounts due to using high leverage without estimating the risks.

4. Emotional Trading: 😰 Allowing emotions such as fear or greed to control your decisions can lead to bad decisions. For example, exiting a winning trade quickly out of fear, or staying in a losing trade in the hope of recovering.

5. Not diversifying your portfolio: 📉 Putting all your investments in one asset or currency pair can expose you to high risk. Diversification helps reduce risk.

6. Investing with money you can’t afford to lose: 💸 One of the biggest mistakes you can make is trading with money you need in your daily life. This can increase stress and lead to irrational decisions.

7. Ignoring Risk Management: ⚠️ The risk-reward ratio in any trade should be balanced. It is usually advised not to risk more than 1-2% of your capital in any single trade.

8. Trying to “make up” for losses quickly: ⏳ After losing a trade, a trader may try to open new trades in a hurry to quickly recover the losses, and this may lead to making rash decisions and increasing losses.

9. Neglecting good analysis: 🔍 Whether it is technical or fundamental analysis, neglecting proper analysis before entering a trade is a fatal mistake. Relying only on intuition or ill-considered recommendations may lead to disastrous results.

10. Overtrading: 🔄 Continuous trading without a well-thought-out strategy or entering a large number of trades in a short time may increase the chances of loss and drain capital.

Avoiding these mistakes will help you protect your capital and achieve more stable and successful trading in the long run.