#TradingMistakes101 Avoiding Common Pitfalls in Crypto Trading

Trading cryptocurrencies can be both exciting and rewarding, but it comes with its fair share of risks. One of the biggest mistakes new traders make is jumping in without a strategy. Emotional trading—whether driven by fear of missing out (FOMO) or panic selling during a dip—can quickly erode profits. Another common error is overleveraging, which can amplify losses just as easily as gains. Ignoring risk management, such as setting stop-loss orders, can also lead to significant losses. At Binance, we encourage every trader to educate themselves, start small, and always trade responsibly. Learn from mistakes—yours and others’—to grow into a more disciplined and successful trader.