Many traders lose money not because the market is “unpredictable,” but because of repeatable mistakes that can be avoided with better discipline and planning. TradingPRO shares a quick guide to help Filipino traders recognize common pitfalls and build smarter trading habits especially in fast-moving market conditions.
Whether you’re a beginner or already trading actively, avoiding these mistakes can improve consistency and protect your capital over time.
1) Trading Without a Clear Plan
Entering trades “just to try” often leads to emotional decisions and inconsistent results.
Fix: Define your entry, exit, and risk limits before placing any trade.
2) Skipping Stop Loss (or Moving It When the Trade Goes Wrong)
Not setting a Stop Loss or constantly adjusting it out of fear—can expose traders to large unexpected losses.
Fix: Use Stop Loss and stick to it unless your strategy requires rule-based adjustments.
3) Overleveraging and Overexposure
Using high leverage or opening positions that are too large can wipe out an account quickly, especially during volatility.
Fix: Use conservative sizing and ensure you always have enough free margin.
4) Overtrading After a Win or Loss
Many traders trade more aggressively after a win (confidence) or after a loss (revenge trading), increasing risk.
Fix: Set a daily trade limit and take breaks after major wins/losses to reset emotionally.
5) Ignoring Market Timing
Trading during low liquidity or highly volatile sessions without preparation increases slippage and poor entries.
Fix: Be aware of major global sessions and high-impact news periods—trade only when conditions match your strategy.
6) Not Reviewing Trades
Without tracking performance, traders often repeat the same mistakes.
Fix: Keep a simple trading journal—record entries, exits, reasons, and outcomes.
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This press release has also been published on VRITIMES
