Most beginners when they enter Binance jump straight to profit… and ignore important basics.
Here I share with you the 3 most dangerous mistakes I have seen a lot, some of which have cost people huge losses!
1. He enters buying any coin without understanding.
He sees a coin soaring 20% in an hour, so he buys it without knowing its project or the reason for its rise.
The result? He buys at the peak, and it drops immediately.
My advice: Only buy when you understand the project, its goals, and the right time to enter.
2. Does not use stop loss
He is afraid to set his loss limit, thinking it might go up, and just watches his portfolio collapse.
And this is very dangerous.
Advice: Determine from the beginning how much you are willing to lose, and do not leave the trade open just for hope.
3. He invests all his capital at once
He puts all the money into one coin, or at one time, without distribution or risk management.
And if he loses? He loses everything.
The right way? Divide your capital into stages or different coins, and do not put all your eggs in one basket.
Binance is a powerful platform, but dealing with it superficially can destroy your portfolio.
Start learning, and make your goal to stay in the market, not just quick profit.
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