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COMMON TRADING MISTAKES AND HOW TO AVOID THEM Here are tips that you can follow IGNORING RISK MANAGEMENT Always determine the size of your investment by considering both the asset’s volatility and your risk tolerance. LACK OF A TRADING PLAN Regularly review and adjust these goals as needed. Discipline yourself to follow the trading plan strictly. OVERTRADING Adhere to your trading strategy and only accept deals that satisfy your predetermined standards. LACK OF PATIENCE AND DISCIPLINE Implement strict stop-loss orders and adhere to them. Accountability can help reinforce discipline. FAILING TO ADAPT TO CHANGING MARKET CONDITIONS Use reliable sources to stay informed about factors that could impact market conditions. EMOTIONAL TRADING Practice decision-making through backtesting and simulations to build confidence. www.journalyze.com | support@journalyze.com