1.IGNORING RISK MANAGEMENT:Failing to set stop-loss orders or properly manage risk can lead to substantial losses.
2. CHASING TRENDS:Jumping into trades based solely on market momentum without proper analysis can lead to buying at highs and selling at lows.
3. LACK OF PATIENCE:Impatience can lead to premature exits or entries, missing out on potential profits.
4. OVERTRADING: Trading too frequently or with too many contracts can increase transaction costs and diminish returns.
5. EMOTIONAL TRADING: Allowing emotions such as fear and greed to influence trading decisions can result in irrational behavior.
6. NOT LEARNING FROM MISTAKES: Failing to learn from past trading errors can perpetuate repeated mistakes in the future.
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