THE FOUR BIGGEST TRADER MISTAKES THAT COST YOU MONEY (AND DIGNITY)
Welcome back, traders! If youāve ever found yourself staring at your screen, wondering āWhy am I like this?ā after yet another avoidable lossāthis oneās for you.
Today, weāre tackling the four dumbest mistakes traders makeāthe kind that separate the winners from the āI swear, next time Iāll do betterā crowd. If you see yourself in any of these, congratsāyouāve got work to do. Letās go.
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MISTAKE #1: āI KNOW ITāS GONNAā¦ā
If I had a dollar for every trader who said, āI KNOW itās gonna bounce off support!āāIād be podcasting from my private island. Listen up: you donāt KNOW squat.
You think you know. You hope you know. But let me tell you, hope doesnāt pay the bills. The second you say āI knowā, your brain shuts down. No backup plan, no risk managementājust blind faith and crossed fingers.
So hereās your new mantra: I donāt know. I react. I manage risk.
Say it with me. I donāt know. I react. I manage risk.
Better? Good. Youāre welcome.
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MISTAKE #2: GETTING āSTUCKā IN A TRADE
You ever watch a car sinking into quicksand? Thatās you. Instead of cutting your losses, you start digging through Twitter for āconfirmationā that holding is the right move. Suddenly, Fibonacci extensions, lunar cycles, and your grandmaās 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 āBitcoin to $1M!ā 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 donāt have a strategy? Why the hell are you trading?
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MISTAKE #4: TRUSTING āMENTAL STOPSā 
You ever hear a trader say, āI donāt use stop losses because I have disciplineā? Yeah. Thatās like saying, āI donāt wear seatbelts because I trust my driving.ā
Your āmental stopā is garbage. Itās a lie. And when price tanks, that mental stop magically disappears. Your hands shake, your brain stalls, and suddenly, youāre 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 āI knowā. You donāt.
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? Thatās your only weapon.
You got this.
Until next time, trade smart, stay sharp, and if youāre gonna gambleāat least do it in Vegas where they give you free drinks.
George, signing out.
This post is originally published on ROADTOMILLION.