While some trading mistakes are unavoidable, it is important that you don’t make a habit of them and learn from both successful and unsuccessful positions. With that in mind, these are the 10 most common trading mistakes.
1. Not researching the markets properly
2. Trading without a plan
3. Over-reliance on software
4. Failing to cut losses
5. Overexposing a position
6. Over diversifying a portfolio too quickly
7. Not understanding leverage
8. Not understanding the risk-reward ratio
9. Overconfidence after a profit
10. Letting emotions impair decision-making.
Source The Trading Boss
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