7 Expensive Mistakes in Trading – And How to Avoid Them

After 7 years of being attached to the market, I had to pay a considerable "tuition fee" to realize a truth: 👉 Trading is not about being "right or wrong", but about discipline or lack of discipline. 👇Below are 7 mistakes I have made ( and paid a heavy price for ), hoping that you can learn from it to avoid repeating. 1️⃣ No Plan = No Opportunity Entering trades based on inspiration is not trading, it's gambling. ✔️ Before entering a trade, clearly determine: entry point, stop-loss point, take-profit point. Having a plan = having a direction, not being swept away by emotions when the market fluctuates. 2️⃣ Too High Risk A golden rule: never use money you can't afford to lose. Money for rent, bills, emergency fund — absolutely must not be brought into the market. 🔒 Protect your capital first, profits will come later. 3️⃣ Greed – Holding Orders Too Long Many times I have made a profit, but I didn’t close it because I wanted to "gain a little more." The result? The green order turned into a red order. 👉 Greed is the greatest enemy of a trader. 🎯 Be disciplined with your profit-taking plan, don't let "wishful pricing" replace "actual pricing." 4️⃣ Emotion-Based Trading FOMO, revenge trade ( revenge trading ), or panic selling at the wrong time… All of these cause accounts to "evaporate" extremely quickly. 🧘‍♂️ Stay calm. If emotions are not stable, it's best to sit outside. 5️⃣ Hope to Get Rich Quick The market is not a money printer. Success takes time and patience. 💡 A $20 profit from a precise order is worth more than losing $100 by chasing rumors. 🚶 Walk slowly, but in the right direction. 6️⃣ Overly Sensitive to Losses A losing order does not mean you are a failure. But giving up too early is definitely a real failure. 📉 Look at the long-term market, learn from the experience, and then continue. Trading is a journey, not a one-time match. 7️⃣ Copying Others Blindly Copy signals without understanding the reason = going down a road with your eyes closed. 📚 Learn to analyze, understand the logic, and think behind each order. Only then can you truly master your decisions. Conclusion The market always rewards discipline, never emotions. ✅ Smart trading. ✅ Be steadfast in the plan. ✅ Practice every day. That is the way to survive and develop sustainably in trading.