THE FOUR BIGGEST TRADER MISTAKES THAT COST YOU MONEY (AND DIGNITY)
Welcome back, traders! If you’ve ever found yourself staring at your screen, wondering “Why am I like this?” after yet another avoidable loss—this one’s for you.
Today, we’re tackling the four dumbest mistakes traders make—the kind that separate the winners from the “I swear, next time I’ll do better” crowd. If you see yourself in any of these, congrats—you’ve got work to do. Let’s go. 
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MISTAKE #1: “I KNOW IT’S GONNA…”
If I had a dollar for every trader who said, “I KNOW it’s gonna bounce off support!”—I’d be podcasting from my private island. Listen up: you don’t KNOW squat.
You think you know. You hope you know. But let me tell you, hope doesn’t pay the bills. The second you say “I know”, your brain shuts down. No backup plan, no risk management—just blind faith and crossed fingers.
So here’s your new mantra: I don’t know. I react. I manage risk.
Say it with me. I don’t know. I react. I manage risk.
Better? Good. You’re welcome.
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MISTAKE #2: GETTING “STUCK” IN A TRADE
You ever watch a car sinking into quicksand? That’s you. Instead of cutting your losses, you start digging through Twitter for “confirmation” that holding is the right move. Suddenly, Fibonacci extensions, lunar cycles, and your grandma’s arthritis all confirm your bias.
Reality check: Pros cut losses like a toxic ex. Fast, clean, no second thoughts.
Still holding onto losers longer than your last situationship? Might be time to rethink your strategy, Romeo. 
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MISTAKE #3: GETTING SUCKED IN BY NEWS EVENTS
BREAKING NEWS!
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The Fed just sneezed. Stocks crash.
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Someone on Twitter says “Bitcoin to $1M!” You FOMO in.
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An analyst claims a recession is officially here. You panic sell.
Stop reacting like a caffeinated squirrel. Big news is big noise. If your strategy told you to buy, you buy. If it told you to sell, you sell. If you don’t have a strategy? Why the hell are you trading?
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MISTAKE #4: TRUSTING “MENTAL STOPS” 
You ever hear a trader say, “I don’t use stop losses because I have discipline”? Yeah. That’s like saying, “I don’t wear seatbelts because I trust my driving.”
Your “mental stop” is garbage. It’s a lie. And when price tanks, that mental stop magically disappears. Your hands shake, your brain stalls, and suddenly, you’re making up reasons to stay in.
Real traders use stop losses. Losers use mental stops. Choose your side.
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FINAL THOUGHTS
If any of these mistakes sound familiar, good. That means you know where to improve.
Stop saying “I know”. You don’t. Stop getting stuck. Cut it and move on. Stop trading based on news events. Stick to your plan. And for the love of all things profitable, PUT. YOUR. STOP. IN. THE. SYSTEM.
Trading is war. The market is your enemy. And discipline? That’s your only weapon.
You got this.
Until next time, trade smart, stay sharp, and if you’re gonna gamble—at least do it in Vegas where they give you free drinks. 
George, signing out.
This post is originally published on ROADTOMILLION.
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