5 Reasons Why You’re Losing Money Or Getting Stuck on Binance🤦♂️
Let’s be real, trading isn’t just buy low and sell high. If you have ever been confused, lost and have nowhere to go and to top it off with a temporal block on Binance, you’re not alone. Here is why that happens:
1.Wrong wallet, Wrong Network; Sending tokens to the wrong blockchain (like BNB to an ERC-20 wallet address).. To prevent this from ever happening, always double-check the network.
2. Leverage Addiction: Trading with a 20x leverage on vibes? Ambitious? Yes. But one wrong candle and your account ends up in ICU. Risk management is a mandatory rule that should be observed.
3.Ignoring KYC Rules: Inconsistent info or bypassing verification can trigger account freezes. Binance’s system is strict. Play by rules or get locked out. Don’t gamble your account away. Do what is right!
4. FOMO Over Strategy: Most users change green candles without a real plan. Emotional trading is financial suicide.
5. Failure to understand trading operations: If you don’t know the difference between: spot, margin and futures, you’re already cooked…
Don’t just trade . Understand the battlefield.
If you’re new here and have no idea how to work things out,
Welcome to thePOV.😊🫂
