Avoid These Top 5 Trading Mistakes 📈 1️⃣ Trading After News: A sudden news headline can shake the markets, but diving in without a solid plan can lead to disaster. Wait for volatility to settle, identify a clear trend, and trade with a robust strategy. This minimizes liquidity concerns and gives you a more stable price direction. 2️⃣ Risking More Than 1% of Capital: Excessive risk doesn't equal more profits. Stick to the golden rule of risking no more than 1% of your capital on any single trade. Day trading requires extra caution, so set a daily risk maximum, ensuring it's either 1% of your capital or equivalent to the average daily profit over 30 days. 3️⃣ Unrealistic Expectations: The market doesn't dance to individual desires. Set realistic expectations by formulating a trading plan. Stick to what works and gradually adjust as your capital grows. Remember, steady gains over time beat unrealistic expectations. 4️⃣ Going By Tips Rather Than Learning To Self-Trade: Profitable tips might seem tempting, but relying on them is not a sustainable strategy. Master the art of self-trading by understanding charts, market structures, and trading independently. While tips can provide insights, your success lies in your ability to analyze and make informed decisions. 5️⃣ Overtrading: It's like chasing quick wins without a plan. Just as relying on tips isn't sustainable, excessive trading can lead to pitfalls. Master self-trading by understanding charts and structures. Success comes from disciplined, informed decisions, not impulsive actions. #DayTradingTips #NordFX