1. No Real Strategy
Random entries based on feelings or tips. Winners have clear rules. Losers wing it.
2. Poor Risk Management
Risking 10–20% per trade. One bad run wipes the account. Pros risk 1–2% max.
3. Revenge Trading
Loss makes you angry — double size next trade. Emotional spiral kills accounts.
4. Overtrading
Too many trades. Commissions and spreads eat profits. Patience wins.
5. Ignoring Psychology
Fear and greed control decisions. Journal trades — fix the mind first.
6. Chasing Hot Tips
Reddit, Telegram, “guru” calls — usually too late. Do your own research.
7. No Backtesting
Strategy never tested on historical data. Works in demo, fails live.
8. Leverage Abuse
50x or 100x leverage turns small moves into blowups. Low/no leverage for beginners.
9. Not Cutting Losses Fast
Holding losers hoping for recovery. “It will come back” = famous last words.
10. Treating It Like Gambling
Trading is probability and discipline. Gambling is hope and luck.
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