Common Mistakes People Make When Trading
One of the most common mistakes that people make in trading is not having a clear plan or strategy. Many people approach trading with a haphazard, ad-hoc approach, buying and selling on a whim without any clear idea of what they are trying to achieve. This can lead to poor decision-making, rash trades, and ultimately, significant losses. A well-defined trading plan can help to prevent this type of mistake by providing a clear set of guidelines and rules to follow. A good trading plan should include a set of specific goals and objectives, a defined set of entry and exit..