All of them can lead to financial losses:
✖️Insufficient understanding of #risks :
Many traders take risks without proper understanding of the potential risks associated with markets, instruments and strategies.
✖️Lack of an adequate risk #management plan:
Failure to establish your own rules for setting stop-losses, determining the percentage of risk from total capital and other aspects of risk management can lead to unpredictable consequences.
✖️Frequent delays in positions:
Some #traders tend to hold losing positions in the hope that the #market will turn in their favor. This can lead to losses that can add up over time.
✖️ Reassessment of the probability of success:
Traders often overestimate their abilities and think that they can constantly lose in transactions.
✖️ Lack of emotional control:
Fear, greed, impatience and panic can provoke a trader to act recklessly.