5 WAYS TO LOSE MONEY ON BINANCE 💸💸💸 (and how to avoid it) 🧵

If you are new to Binance, there are 5 common ways to lose your money.

This thread can save you hundreds of dollars 💵

(1) -Buying at all-time highs due to FOMO

→ Solution: wait for pullbacks, use RSI, and watch volume

(2) -Using leverage without understanding

→ Don't use x10 if you don't understand x2

→ Learn spot trading first

(3) -Not having a stop loss

→ One mistake can liquidate you

→ Always protect your capital

(4) -Getting into shitcoins due to hype

→ $PEPE may go up, but it can also drop 90% in 1 day

→ Keep a small % for meme coins

(5) -Listening to TikToks of "buy NOW"

→ Do your own research

→ Learn to read charts yourself 📈

🍀If you liked this thread, follow me.

I'm not a guru. I'm someone like you.

But I won't give up until I reach a million.🍀