1. Trading without a plan (entering out of emotion, not strategy)
Most enter a trade because they “think it will go up” or because they saw a green candle.
Without a defined plan, the trader:
does not know where to exit
does not know how much to risk
does not know what to look for on the chart
👉 The market punishes improvisation.
A trader without a plan is a trader who loses.
2. Not using Stop Loss (or setting it wrong)
This mistake destroys more accounts than anything else.
Many think:
“I control it manually”
“It will surely go up afterward”
"If I sell now, I lose"
The result:
they lose much more than they planned.
👉 The stop loss is your seatbelt.
Not using it is like driving without brakes.
3. Over-trading (entering too many trades)
The novice trader feels that "if they're not in the market, they're missing out."
This leads them to:
entering bad zones
trading without reason
emotionally exhausting yourself
paying more commissions
accumulating small losses that become large
👉 In trading, less is more.
You win by waiting for the best setups, not by trading all day.
4. Trading with too much capital (or too much leverage)
Many traders lose everything not due to bad technique, but due to poor risk management.
Typical mistakes:
putting all capital into one trade
using 20x or 50x out of ambition
increasing positions when they are already at a loss
👉 Excessive leverage destroys even talented traders.
A professional trader risks 1% to 3% per trade.
5. Letting emotions take control (FOMO and FUD)
90% of bad entries come from fear or greed:
FOMO: "it's going away, I have to get in now"
FUD: "everything is going to fall, I sell before thinking"
Emotions:
shorten your patience
cloud your analysis
make you see opportunities where there are none
keep you trapped in losses
👉 The trader who does not control their mind does not control their account.
