99% of day traders fail. It's the unfortunate truth,

That's because they're doing it all wrong Here's the top mistakes every trader makes

Ignoring a Trading Pare

Many traders enter the market without a clear

strategy

They nither just copy what other people do or take random trades without any clear reason

Always have a trading plan that outlines your setup,

entries, and exits.

Otherwise its just gambling

Oversizing

People use way too much size when they first start out

because they want to rush to make more profits

What almost always ends up happening is they bust

their account and give up or just repeat the process

Start SMALL. And stay small until youre actually ready

Overtrading

Making too many trades in a single day can lead to

significant touses

Trading is a patient game. Sometimes you need to just

Its better to take traces than 10 bad ones Focus on quality over quantity, and avoid the

temptation to trade impulsively.

Ignoring Stop-Losses

Not setting stop-losses can be a costly mistake. Utilize

stop-loss orders to limit potential losses and protect your trading capital

Once you set them: respect them.

Dont double down on what is a losing trade hoping t will turn green.

Letting Emotions Rule:

Trading based on emotions rather than analysis can result in impulsive decisions.

People get mad, upset, and trustrated and try to make back their losses. That always ends the same

Stay calm, collected, and objective in your trading approach

They dont review

People take trades, see the green or red, and forget about them.

They never learn what they did right or wrong:

Its like someone doing an experiment and not trying to

understand the results

You NEED to journal your trades meticulously to refine your strategies over time.

For whats wrong fine tune whats right