Mar 16 • General discussion
TOP TEN TRADING MISTAKES
Attention Traders!
Trading can be simple or difficult—statistically, over 90% of retail traders fail. Don’t 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
- No Trading Plan – Trading without a plan is like building a house without blueprints. Use a solid strategy and stick to it.
- Risking Too Much on One Trade – Limit risk to 1-2% of your balance per trade to avoid major losses.
- Trading on Emotions – Fear and greed cloud judgment. Learn to trade with logic, not emotions.
- Overtrading – More trades don’t mean more success. Wait for high-probability setups. Sometimes, not trading is the best trade.
- Lack of Patience – Good entries take time to play out. Trust your setup and wait for the market to move.
- Taking Profits Too Early – Cutting winners short stunts growth. Follow your Take Profit strategy.
- Holding Losing Trades Too Long – Stop losses exist for a reason. Accept small losses and move on.
- Overcomplicating Your Strategy – Too many indicators create confusion. Keep it simple!
- Ignoring Risk-Reward Ratios – A 1:2 risk-to-reward ratio increases your edge. Stick to the plan!
- Not Keeping a Trading Journal – Tracking trades helps refine your strategy. Learn from mistakes and improve.
🔹 Master these rules, and trading can be highly rewarding. Wishing you success on your journey! 🚀
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TOP TEN TRADING MISTAKES
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