1. FOMO (Fear of Missing Out) Trap: Entering trades late due to fear of missing a big move. Solution: Trust your strategy and wait for the next opportunity. 2. Fear of Loss Trap: Hesitating to enter a trade due to potential losses. Solution: Use stop-loss orders and only risk a small percentage per trade. 3. Chasing the Market Trap: Entering trades without proper analysis to "catch up." Solution: Pause and reassess before taking action. 4. Attachment to a Trade Trap: Refusing to close a losing trade, hoping it will turn around. Solution: Set stop-loss levels and stick to them.