Thousands sign up. Few survive.
The Binance trading journey starts with excitement but for many, it ends fast. Most new traders quit within 90 days. Not because they’re lazy. But because they’re unprepared.
In this no fluff article, we expose why so many fail and how you can avoid becoming another statistic.
1. They Chase Quick Wins
New traders want fast money.
They jump into futures with leverage. They copy what someone said on YouTube. They trade without a plan.
It works for a while. Then it doesn’t. One big loss wipes out weeks of gains. The account balance dies. Motivation dies with it.
Fix: Start slow. Use spot trading. Focus on learning not earning in your first 90 days.
2. They Don’t Manage Risk
Most traders go all in.
No stop loss. No position sizing. Just vibes. And when the market turns, it’s game over.
Fix: Use the 1-2% rule. Never risk more than that per trade. Use stop-losses. Always.
3. They Lack a Clear Strategy
They trade by emotion.
Fear, greed, and FOMO guide every move. There’s no structure, no repeatable edge. Just randomness.
Fix: Pick one strategy. Master it. Whether it's DCA, support/resistance, or grid bots stick to it. Track everything.
4. They Ignore Trading Journals
Without a journal, there’s no feedback.
No way to know what’s working. No way to improve. Most traders don’t log their trades and it kills their growth.
Fix: Use a Google Sheet or Notion. Log every trade. Review weekly.
5. They Overtrade
More trades ≠ more profit.
Chasing every candle wastes energy and fees. The market rewards patience, not activity.
Fix: Be selective. Wait for high-probability setups. Trade less, win more.
6. They Treat It Like Gambling
Trading isn’t betting.
It’s not about luck. It’s about skill, timing, and discipline. Treating it like a casino leads to one outcome loss.
Fix: Build rules. Follow them. Every. Single. Time.
7. They Underestimate Emotions
One bad trade can tilt your entire day.
Fear paralyzes. Greed lies. Without emotional control, your account is doomed.
Fix: Practice emotional discipline. Step away after losses. Stick to your strategy, not your mood.
8. They Don’t Learn the Platform
Binance is powerful but also complex.
Many don’t bother to learn features like Stop Limit, OCO, or risk controls. They miss out or worse, make costly mistakes.
Fix: Explore Binance Academy. Watch tutorials. Know every button before you click it.
9. They Compare Themselves to Others
Seeing others profit can wreck your mindset.
Comparison leads to jealousy, then reckless trades. Everyone has a different journey.
Fix: Focus on your growth. Block out the noise. Track progress, not people.
10. They Quit Too Early
The truth: most profitable traders lost a lot before they got good.
You’re supposed to struggle early on. That’s part of the process.
Fix: Stay in the game. Review. Adjust. Learn. The winners didn’t win fast they lasted long enough to figure it out.
Final Thoughts: How to Stay in the Game
Want to last longer than 90 days? Do this:
Trade slow, smart, and with rules.
Study the charts, your mistakes, and your wins.
Master your emotions.
Stick around. Growth takes time.
Most people quit. You won’t because you now know why they did.
#BinanceTrader #Write2Earn! #BinanceSquareTalks #BinanceSquareFamily #WriteToEarnWCT
