Akashic Wealth

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•Created byProfile pictureEduardo
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Eduardo Profile picture@billmsft·Jun 7

The 3 mistakes that cost beginner traders the most money

I've been trading for years, and I see the same three mistakes destroy new traders over and over.


1. Trading without a plan. Most beginners open a chart, see something that "looks good," and hit buy. That's not trading — that's gambling. Before you enter ANY trade, you need to know your entry, your target, and your stop loss. No exceptions.


2. Risking too much per trade. The #1 rule in trading: don't blow up your account. If you're risking more than 1-2% of your capital on a single trade, you're one bad week away from being done. Position sizing isn't exciting, but it's what keeps you in the game long enough to actually get good.


3. Chasing after losses. You take a loss, you feel frustrated, and you immediately jump into another trade to "make it back." This is revenge trading, and it almost always makes things worse. The best traders I know walk away after a loss. They journal it, learn from it, and come back tomorrow with a clear head.


If you're a working professional looking to learn trading the right way — without the hype, without the "get rich quick" nonsense — that's exactly what we're building at The Wealth Project. Real education, real risk management, real wealth created over time.