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What are some common mistakes that traders make during pullbacks?
One common mistake that traders make during pullbacks is failing to manage their risk effectively. Traders may become overly optimistic during a bull market and fail to take steps to protect their positions during a pullback, leading to significant losses. Another mistake is becoming too emotionally invested in a particular trade, which can lead to impulsive decisions and prevent traders from making rational choices. Traders may also fall into the trap of trying to time the market, attempting to buy at the bottom of a pullback and sell at the top, which can be extremely difficult to do. Finally, traders may become overly focused on short-term market movements and fail to take a long-term view, missing out on potential opportunities to capitalize on broader trends in the market.

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