• Misunderstanding market conditions or news events that influence price action.
🔹 5. Overtrading
• Taking too many trades in a short period due to boredom, excitement, or desperation.
• Not waiting for high-probability setups.
🔹 6. Impatience / Lack of Discipline
• Closing trades too early or too late.
• Ignoring your own trading rules or analysis because of market noise.
🔹 7. Chasing the Market
• Entering trades late because you’re afraid of missing out.
• Buying high and selling low due to panic or herd mentality.
🔹 8. Ignoring the Bigger Picture
• Focusing only on short-term price moves and ignoring overall trends, economic cycles, or macro indicators.
🔹 9. Not Reviewing or Learning from Mistakes
• Not keeping a trading journal.
• Repeating the same mistakes without adjusting strategy or mindset.
🔹 10. Unrealistic Expectations
• Expecting to get rich quick.
• Taking excessive risk to try and accelerate results.
Comments