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Emotional Trading
Fear & Greed Decisions
Making impulsive decisions based on emotions rather than strategy. FOMO buying at peaks and panic selling at lows.
Solution: Set clear rules and stick to them. Use stop-losses and position sizing.
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No Risk Management
Ignoring Position Sizing
Risking too much capital on single trades. Not using stop-losses or proper position sizing techniques.
Solution: Never risk more than 2% per trade. Always use stop-losses.
📊
No Trading Plan
Random Entry & Exit
Trading without a clear strategy or plan. Making random entries and exits without proper analysis.
Solution: Create a trading plan with clear entry/exit rules and stick to it.
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Overtrading
Too Many Positions
Taking too many trades or holding too many positions simultaneously. Quality over quantity matters.
Solution: Focus on high-probability setups. Less is more in trading.
📝
Not Keeping Records
No Trade Journal
Failing to maintain a trading journal. Without records, you can't analyze and improve your performance.
Solution: Use TradeRecord to journal every trade and analyze your patterns.
🎲
Revenge Trading
Chasing Losses
Trying to recover losses immediately by taking bigger risks. This often leads to even bigger losses.
Solution: Accept losses as part of trading. Take breaks after losing streaks.
