Even experienced traders make mistakes. Here are the most common ones and how to avoid them.
**1. Emotional Trading**
Don't let fear or greed drive your decisions. Stick to your strategy.
**2. Lack of Research**
Never invest in something you don't understand. Do your homework.
**3. Ignoring Risk Management**
Always use stop losses and never risk more than 2% per trade.
**4. Chasing Losses**
If a trade goes bad, don't double down hoping to recover quickly.
**5. No Trading Plan**
Have clear entry and exit strategies before opening any position.
