Hey LeoFinance fam!
Let’s be honest:
Trading is exciting… but also risky if you don’t know what you’re doing.
Most beginners (myself included back then) fall into the same deadly traps.
Here are the Top 3 Mistakes 90% of new traders make —
and how you can avoid them like a pro.
❌ Mistake 1: Trading Without a Plan
“It’s going up! Let’s buy now!”
“The market’s crashing! Sell everything!”
This is not trading. That’s gambling.
A real trader always has a plan:
Entry point ✅
Stop loss ❌
Take profit 🎯
Risk management calculated
Pro Tip: Write down your plan before every trade. No emotions — only strategy.
❌ Mistake 2: Risking Too Much on One Trade
“I’ll go big this time. I feel lucky!”
…and BOOM! You blow up your account.
Smart traders protect their capital first.
Risk per trade = 1% to 2% max.
Remember: Consistency beats luck every time.
❌ Mistake 3: Letting Emotions Take Control
Fear… stress… greed…
All these emotions can destroy your trades.
Winning traders master their emotions first:
Don’t move your stop loss randomly
Don’t revenge trade
Breathe. Stay cool. Trust your setup.
Pro Tip: After each trade, write down how you felt.
You’ll learn more from your emotions than your charts.
✅ Summary: Be a Smart Trader
- Trade with a solid plan
- Manage your risk like a pro
- Control your emotions like a monk
Trading is not a casino.
It’s a game of discipline and patience.
Let’s talk!
Have you made one of these mistakes before?
How did you recover ?
Drop a comment below — I’m replying to everyone!