Attention Traders! Trading can be simple or difficultโstatistically, over 90% of retail traders fail. Donโt be one of them! Success in trading can be learned, but it requires discipline and sticking to fundamental rules. This Trading Cheat Sheet is a reminder that whether you're scalping, day trading, or swing trading, consistent execution leads to profit. Top 10 Trading Mistakes to Avoid 1. No Trading Plan โ Trading without a plan is like building a house without blueprints. Use a solid strategy and stick to it. 2. Risking Too Much on One Trade โ Limit risk to 1-2% of your balance per trade to avoid major losses. 3. Trading on Emotions โ Fear and greed cloud judgment. Learn to trade with logic, not emotions. 4. Overtrading โ More trades donโt mean more success. Wait for high-probability setups. Sometimes, not trading is the best trade. 5. Lack of Patience โ Good entries take time to play out. Trust your setup and wait for the market to move. 6. Taking Profits Too Early โ Cutting winners short stunts growth. Follow your Take Profit strategy. 7. Holding Losing Trades Too Long โ Stop losses exist for a reason. Accept small losses and move on. 8. Overcomplicating Your Strategy โ Too many indicators create confusion. Keep it simple! 9. Ignoring Risk-Reward Ratios โ A 1:2 risk-to-reward ratio increases your edge. Stick to the plan! 10. Not Keeping a Trading Journal โ Tracking trades helps refine your strategy. Learn from mistakes and improve. ๐น Master these rules, and trading can be highly rewarding. Wishing you success on your journey! ๐