30 Mistakes That Destroy 90% of Traders
Entering trades without a defined setup, entry, and exit rules leads to random results.
Letting fear, greed, or revenge dictate your decisions results in impulsive and irrational trades.
Failing to control how much you're willing to lose can wipe your account with just a few trades.
Holding onto losing trades hoping they'll reverse usually leads to even bigger losses.
Trying to recover losses by increasing position size often accelerates the blowout.
6. Not keeping a trading journal
Without tracking past decisions, you can't learn from mistakes or improve.
A single trade without a stop can spiral into a devastating loss.
Greed causes traders to hold winning trades too long, often turning profits into losses.
9. Entering trades without analysis
Acting on instincts or rumors leads to poor decision-making.
Volatility during news events is high-trading without a plan is gambling.
11. Holding onto losing trades
Refusing to close a loss can destroy your account during strong trends.
Jumping across different assets prevents you from mastering any of them.
Going straight to real money without practicing leads to unnecessary losses.
14. Changing strategy too soon
Judging a strategy by 1-2 trades ignores the importance of probability.
Bad moods or stress distort judgment and lead to poor results.
Disorganized trading without a consistent process breeds inconsistency.
Too small of a balance amplifies risk and limits strategic flexibility.
Trading with debt increases pressure and often leads to reckless behavior.
Taking tips from strangers or unverified sources leads to confusion.
20. Trading low-liquidity hours
At night, spreads widen and signals are less reliable.
Jumping into trades too soon or too late just to not miss out often ends badly.
Letting fear of losing gains prevent trades from reaching full potential.
Using tools you don't understand leads to misuse and misinterpretation.
Too many trades in one session often leads to mental fatigue and bad results.
Going against the market's direction increases your risk and lowers win rates.
Fear of being wrong leads to missing out on high-probability trades.
27. Fear of losing > Desire to win
If you're more afraid of losing than focused on winning, you hesitate.
28. Chasing holy grail strategies
Looking for perfect systems instead of mastering simple ones is a trap.
Failing to review what went wrong means repeating the same mistakes.
Refusing to improve or stay informed means you're always behind the market.