Trading on Binance? Avoid these 3 deadly mistakes that wreck most beginners:

1️⃣ Using High Leverage Without a Stop Loss

“20x on a random altcoin? What could go wrong?”

It’s fun until the liquidation bell rings.

Even a -5% move wipes your position.

📍Tip: Stick to 3–5x leverage max, and ALWAYS use a stop.

2️⃣ Chasing Pumps After Listings

New token just listed?

Green candle? Everyone’s screaming “To the moon”?

That’s the trap!

By the time you buy, early buyers are already selling.

📍Tip: Wait for the dump → enter on pullbacks with a plan.

3️⃣ Not Understanding Funding Fees

Holding a long position overnight?

You might be paying fees every 8 hours.

📍Tip: Check the funding rate on the pair — it adds up fast.

💎 Bonus Tip:

Don’t YOLO into every hype coin. The best traders don’t trade more — they wait for high-probability setups.