#TradingStrategyMistakes

Many people enter the market thinking that it's the fastest way to wealth, but the first mistake they make is working without a specific plan. You find yourself buying and selling just because you've heard news or someone gave you a tip. This alone can end your account in just a few months. Greed also defeats many people; you find that a trade has made some profit and you think it might continue and reach a bigger number. Suddenly, the market reverses, and all the profit disappears. Some people wait for a 100% guaranteed signal before they take action, and with excessive waiting, opportunities pass them by. The more dangerous thing is that after losing, you enter with a larger amount to recover quickly, which often wipes out your balance. Capital management is not a luxury; it is the only line of defense. If you don't set a fixed risk percentage for each trade, you will find your losses greater than any profit. Another part of the mistake is trying a new method every now and then without committing to a plan and giving it enough time to know if it is effective or not. Constantly relying on others' recommendations makes you just a follower without vision or experience, and as soon as circumstances change, you will find yourself lost and unable to make a decision. If you intend to build a future in trading, you need to have a written plan, a clear risk percentage, a consistent method, and personal analysis that evolves over time. Only then will you be able to protect your money and trade with confidence.