#TradingMistakes101
Avoiding these common mistakes can protect your portfolio, especially if you’re trading on Binance:
1. No clear strategy: Jumping in without a plan leads to losses. Use Binance Strategy Trading or Demo Trading to test your approach.
2. Ignoring volatility: Crypto is fast-moving. Set price alerts with Binance tools to stay updated.
3. Not using stop-loss: A must-have! Activate stop-limit or OCO (One Cancels the Other) orders on Binance.
4. Holding bags too long: Learn to cut losses. Don’t wait for a bounce that may never come.
5. Following hype blindly: Research tokens on Binance Research before entering any trade.
Trade smart. Learn daily. Use Binance wisely.