Want to keep your profits growing? Here are five trading pitfalls that could be costing you millions:
1. No Trading Plan: Without a clear strategy, impulsive decisions can wreck your portfolio. Always have a plan!
2. Ignoring Risk Management: No stop-losses? Risking too much? It’s a recipe for disaster.
3. Overtrading: FOMO can drain your capital fast. Stick to quality trades.
4. Trading on Emotions: Fear and greed are your enemies—trade with discipline.
5. Skipping Market Research: Hype is not analysis. Do your homework before entering a trade!
Master these, and you’ll be ready for bigger gains!
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