Overtrading: Making too many trades in a short period can lead to increased transaction costs and emotional fatigue. Avoid overtrading by setting specific trading hours and sticking to them.

Chasing Losses: Trying to recover losses by making impulsive trades can lead to even bigger losses. Stick to your trading plan and avoid emotional decision-making.

Ignoring Risk Management: Failing to manage risk can result in significant losses. Always use stop-loss orders and position sizing to protect your capital.

Lack of Discipline: Not following a well-defined trading plan can lead to inconsistent results. Develop a trading plan and adhere to it strictly.

Overreliance on Technical Indicators: Relying solely on technical indicators without considering market fundamentals can lead to poor trading decisions. Combine technical and fundamental analysis for a comprehensive approach.