#TradingStrategyMistakes #Launchpool $BNB $BTC

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Common error in a trading strategy

One of the most common mistakes in a trading strategy is trading without a defined plan or changing it on emotional impulse. Many traders start with a solid strategy, but when faced with losses or unexpected market movements, they abandon it and make decisions based on fear or greed. This leads to messy trades and greater losses. Additionally, another common failure is not managing risk properly: investing too much in a single trade or not placing a stop loss can quickly destroy an account. A successful trading strategy requires discipline, patience, and the ability to stick to a plan, even when the market seems to go against you. Learning from mistakes and staying calm is essential.