1. Revenge Trading (The "Get It Back" Trap)
The urge to immediately jump back into a trade to "win back" a loss is the fastest way to blow an account. After seven years, you know that the market doesn’t owe you anything.
* The Lesson: If you hit your daily loss limit, walk away. The market will be there tomorrow; your capital might not be if you stay.
2. Over-leveraging for "The Big One"
It’s tempting to size up massively when you feel 100% confident in a setup. But in trading, "certainty" is an illusion.
* The Lesson: Stick to your position sizing rules (e.g., risking only 1–2% per trade) regardless of how "perfect" the chart looks. Consistency beats the "one-hit wonder" every time.
3. Strategy Hopping (The "Holy Grail" Myth)
Spending years jumping from RSI to MACD to ICT to Order Flow usually leads to a "jack of all trades, master of none" scenario.
* The Lesson: Pick one strategy with a proven edge and master its nuances. It’s better to know one setup deeply than ten setups superficially.
4. Ignoring the "Stop Loss" (Hope is Not a Strategy)
We’ve all been there: "It’ll bounce back." Then it drops another 10%. Letting a small loss turn into a catastrophic one is a mistake experienced traders eventually eliminate.
* The Lesson: Your Stop Loss is your insurance policy. Once it’s hit, the trade is dead. Never move it lower to "give the trade more room."
5. Trading the "Noise" Instead of the Plan
This usually happens when you spend too much time on Twitter/X or Discord. You see someone else’s 100x gain and abandon your own plan to chase their "hot tip."
* The Lesson: Trust your own data and backtesting. If it’s not in your trading journal's criteria, it’s not your trade.
6. Neglecting Your Psychology
You can have a $10,000 trading course, but if you can’t control your fear and greed, you'll still lose money. Most veteran traders realize that 80% of the game is mental.
* The Lesson: Treat trading like a business. If you are emotional, tired, or stressed, you are "out of office." Do not open the terminal.
7. Failing to Journal and Review
If you don't know why you won or lost, you aren't trading—you're gambling. Without a journal, you are doomed to repeat the same subtle mistakes for another seven years.
* The Lesson: Review your trades at the end of every week. Look for patterns in your failures. Data is the only way to turn "experience" into "expertise."
> Pro Tip: The most successful traders aren't the ones who make the most money on a single trade; they are the ones who make the fewest unforced errors over a thousand trades.
$GWEI $PLAY
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