What are the most common mistakes new traders make

[YareliDuarte]

What are the most common mistakes new traders make

[MazikeeMann]

Sure! Here are five common mistakes new traders often make:

[AryanLambert]

**Overtrading**: New traders often jump in and out of trades way too much, thinking they can catch every little movement. It usually leads to losses instead of profits.

[ForrestKline]

**Ignoring Risk Management**: A lot of beginners don’t set stop-loss orders or manage their risk properly. They end up losing more than they can afford because they don't have a plan in place.

[KasenNavarro]

**Chasing Losses**: When new traders lose money, they sometimes try to recover it by making impulsive trades. This usually just leads to bigger losses instead of getting back on track.

[AdrielAustin]

**Lack of a Trading Plan**: Many newbies dive in without a solid plan. They trade based on emotions or tips from others rather than having a strategy, which can lead to confusion and mistakes.