While the market is in a sideways trend and there is no trend, I suggest recalling the common mistakes I've encountered in trading from my experience. Those who recognize themselves 👍.
Part 1
1. Overtrading
The constant desire to be in the market, even when there are no conditions for a trade.
Often arises from boredom, impatience, or the desire to 'do something'.
What it threatens:
The more trades without a setup, the higher the probability of mistakes and losses.
No position is also a position.
How to fix it - your list of trade setups - breakout, false breakout, trend, etc.
2. Overestimating position size
Using too large a volume in one trade relative to the deposit.
What is dangerous:
One unsuccessful trade can wipe out the deposit.
Psychological pressure increases sharply.
Reason:
The desire to earn faster.
How to fix it - risk management.
3. Trading based on bloggers' advice and others' signals
Opening trades without your own understanding of the logic of entry.
What is dangerous:
You don’t know where the stop is, where the target is, and under what conditions the trade is canceled.
Responsibility for the result still lies with you.
How to fix it:
If you don't understand the trade - skip it.
#education #mistakes