#TradingMistakes101
✅ #TradingMistakes101: Common Mistakes on Binance
If your focus is on trading mistakes (which is what the hashtag suggests), here are key ones to avoid:
1. Overleveraging
Using too much margin without a stop-loss can blow up accounts fast.
2. FOMO Buying (Fear of Missing Out)
Jumping into trades late during a pump leads to losses when the market reverses.
3. Ignoring Risk Management
Not setting stop-loss orders or risking more than 1–2% of your capital per trade.
4. No Trading Plan
Entering trades without clear entry, target, and exit strategies.
5. Revenge Trading
Trying to make up for a loss emotionally instead of rationally.
6. Overtrading
Too many trades can lead to fees and poor decision-making.
7. Not Understanding the Pair
Example: Trading BTC/ETH thinking it’s just about Bitcoin’s value, but it’s really BTC relative to Ethereum.
---
📈 If You Meant "Best Trading Pairs" on Binance
Here are popular and high-volume pairs often favored for day/swing trading:
Pair Reason
BTC/USDT Most liquid; lower spread
ETH/USDT High volume, solid volatility
SOL/USDT Trending with good swings
BNB/USDT Binance's native token; less volatile
DOGE/USDT Great for volatility traders
