🚨 New to Spot Trading? Avoid These Common Mistakes! 🚨

If you're just getting started with spot trading on Binance, here are 5 mistakes many beginners make — and how to avoid them:

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❌ 1. Buying Just Because the Price Is Pumping

Seeing green candles? That’s not always a buy signal. Often, it means you're too late.

✅ Instead: Wait for pullbacks and plan your entries.

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❌ 2. No Trading Plan

Many traders jump in without knowing when to exit or how much to risk.

✅ Set your entry, take-profit, and stop-loss before clicking "Buy".

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❌ 3. Going All-In on One Coin

Putting all your funds into one trade is risky — crypto moves fast.

✅ Diversify and use proper position sizing. Risk small, think big.

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❌ 4. Trading on News and Hype

By the time you hear the news, the big players already made their move.

✅ Focus on price action, not headlines.

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❌ 5. Not Understanding the Market Structure

Entering without knowing support, resistance, or trend can lead to losses.

✅ Learn the basics of technical analysis. It goes a long way.

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📌 Final Tip: Stay calm. Don’t chase pumps. Protect your capital.

💬 What’s a mistake you learned the hard way in spot trading? Share below 👇

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