#Education
Trader's Mistakes
There are two main kinds of mistakes that one can make in trading. Surprisingly, both are related to trading psychology.
The first mistake is trading too much. You will get more emotional with each trade, whether this is a win streak or a lose streak. You get a higher chance of placing too many trades to gain more profit. Eventually, this will result in a wrong trading approach and losses.
The second mistake is the absence of Stop Loss. This way, you break the most important concept of trading, risk management. Your risks are almost unlimited without a stop loss.
Even if you think you control the situation, this isn't true. We can't control markets, and a Stop Loss is essential for our safety.
Want to know what other mistakes you should avoid? Read here
