15 MISTAKES you Sholud NEVER do in your TRADING JOURNEY
I understand that many people only learn from mistakes and failures in their trading journey, or even in life. However, being aware of some common mistakes from the beginning and following the right path can greatly reduce your losses.
Here's my list of what not to do in your trading journey :
1/ Starting without a solid understanding of trading principles.
2/ Failing to research and understand the markets and assets you're trading.
3/ Ignoring fundamental and technical analysis.
4/ Allowing emotions like fear and greed to drive trading decisions.
5/ Overtrading due to impulsive emotions.
6/ Chasing losses by making larger trades to recover losses quickly.
7/ Ignoring your trading strategy and deviating from your plan.
8/ Using excessive leverage, leading to higher risks.
9/ Not adjusting strategies for different market trends (bull, bear, sideways).
10/ Not keeping a trading journal to learn from past mistakes.
11/ Believing that success in one trade guarantees success in others.
12/ Neglecting the possibility of losses due to overestimation of skills.
13/ Making decisions based on sudden market movements without analysis.
14/ Relying solely on the advice of others without understanding the rationale.
15/ Sticking to a failing strategy due to attachment or ego
That's it for this Post, If you need more of the mistakes to avoid in trading make sure to comment down below "More" and don't forget to like this post! 🫡❤️
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