#tradingMistakes101
Here are the 3 biggest mistakes to avoid when trading on Binance:
1. Neglecting Security: Failing to enable 2FA (Google Authenticator preferred), using weak passwords, sharing credentials, or clicking phishing links. This can lead to devastating account hacks and stolen funds. Always prioritize account security.
2. Trading Without a Strategy/Emotionally: Jumping into trades based on hype (FOMO), panic selling (FUD), or rumors instead of research and a clear plan (entry, exit, stop-loss). Emotions lead to impulsive decisions and losses. Have a plan and stick to it.
3. Overleveraging: Using extremely high leverage (especially on futures) multiplies gains but catastrophically amplifies losses. A small price move against you can wipe out your entire position (liquidation). Use leverage extremely cautiously, if at all.
In short: Secure your account fiercely, trade based on strategy not emotion, and avoid reckless leverage.
