One of the common trading mistakes done by traders is overtrading. Many traders think that quantity is better than quality. They believe that if they throw enough punches, one will eventually hit. Unfortunately, many ended losing all their investment because of overtrading mistakes. Traders are overtrading because of greed, revenge and boredom reasons.
Traders tend to jump back into trades after closing a winning trades But later realized that they were the one who just bought the high of the day. After losing a trade, traders like to keep trading thinking the next trade will make back all money they lost so far but when market is still strong, they keep on losing money.