mistake is a very common thing , but if we do same mistake again and again there is no way to come out from losses.
traders do mistake when they losses actually , they try to recover losses by trade over and over , but its a trap.
traders always try to come out from losses without any level of the great problem, its the only reason why traders can't come out from losses.
Can’t agree more! Trading done with an aim of recovering losses involve the emotion of revenge which resist traders from making rational decisions. And sometimes even lead to making changes while the position is open which more dangerous.
FOMO is one of the main common mistake traders make. They do not have the patient for wait the right trading opportunit and due to the fear of losing opportunities make trading decisions recklessly that lead to losses.
without a good level of patience any kind of trading can be useless, so patience is the first step of success in this trading place.
the most common mistake is having a mentality to bring profit without learning , beginners do that first stage of trading
i trade sometimes over and over when making a huge losses , this is a foremost mistake in my trading career.