Hi Binance family!
Today I want to talk about something really personal—the mistakes I made when I first joined Binance. These weren’t just the typical beginner errors… they were the ones that hit me hard, emotionally and financially. I hope sharing them can help you avoid the same pain I went through.
1. Chasing Signals Without Understanding Them
In the beginning, I blindly followed random Telegram and YouTube signals without knowing why I was entering a trade. I thought these “experts” had some magic formula. But I never paused to understand the logic or the charts behind their calls. Most of the time, I entered late or exited wrong, and it messed up my confidence. Trust me—without learning the 'why', you’ll always be lost.
2. Ignoring the Importance of Fees
This one hurt me quietly. I kept trading in and out of positions, unaware of how much I was losing in fees. Small percentages may seem harmless, but over time they ate up my profits—and sometimes, even increased my losses. It’s easy to forget fees exist, but they add up quickly if you’re not careful.
3. Holding Losing Positions Out of Emotion
I remember holding onto coins that were clearly dropping, thinking “it’ll bounce back.” I couldn’t let go, because accepting loss felt like failure. But that emotional attachment cost me more than cutting the loss early ever would have. Sometimes, the bravest thing to do is exit and start fresh.
These mistakes weren’t just lessons—they were wake-up calls. If you’re starting out, learn from my journey. Don’t just aim to earn—aim to grow, smartly and patiently. You've got this!