#TradingMistakes101 📉 “I Blew My First Account on Binance — Here's What I Wish I Knew”

Mistakes? I’ve made plenty. Like many, I started trading on Binance full of confidence… and quickly learned how humbling the markets can be.

Here are 3 mistakes I made as a beginner — and what I’d tell any new trader starting today:

🔻 1. Overleveraging = Overconfidence

I chased quick gains with 10x leverage on every trade. One bad move — liquidated.

📌 Lesson: Leverage is a tool, not a shortcut.

Risk small, grow slow.

🧠 2. Trading Without a Plan

I used to jump into trades based on Twitter hype or candle patterns I barely understood. No entry/exit strategy. No stop-loss.

📌 Lesson: Treat every trade like a business decision — with rules, not emotions.

⏰ 3. Ignoring the Bigger Picture

I scalped during low-volume hours and missed clear trend reversals because I was glued to the 1-min chart.

📌 Lesson: Zoom out. Understand market context before diving in.

🔁 Reflecting Back:

Mistakes don’t mean failure — they’re tuition

for trading wisdom. Losing money taught me more than any book could. The key is to review, adapt, and grow.

💡 If you're just starting out, here's my advice:

Start small. Use spot before derivatives.

Journal your trades. Patterns emerge in your behavior.

Less is more. Quality setups > constant

Never stop learning. Markets evolve — so should you.

📌 Your journey will have losses, but don’t let them define you — let them refine you.

If you’re a beginner, drop your biggest challenge below 👇 I might’ve faced it too.