Are you starting on Binance? 7 MISTAKES I also made (and that you can avoid)
When I entered Binance, I had no idea what I was doing. I bought poorly, sold even worse, and fell for more than one "scam". That's why, if you're a beginner, I'm leaving you this list of real mistakes so you don't repeat them.
These are things that no one tells you, but that can save you time, money, and frustration đ
â 1. Buying only because it's cheap
Just because something is at 0.001$ doesn't mean it will necessarily go up. A low price does not mean opportunity. Sometimes, it means nobody wants it.
â 2. Not learning to use Stop Loss
You think you will "watch the chart," but you will forget, sleep, or be on the bus when it drops. Use a stop. Always.
â 3. Investing everything in a single currency
Diversification is not a lie. If you bet everything on one, it might go well once⊠but badly many times.
â 4. Falling in love with a crypto
Don't marry any. Currencies don't love you. You need them to go up, but they owe you nothing.
â 5. Listening to anyone on social media
Neither I nor anyone has the absolute truth. Listen, analyze, but make your decisions with your own judgment.
â 6. Investing money you can't afford to lose
Never invest rent money, grocery money, or your mother's money. Crypto is volatile. If you need that money, it's not the right time.
â 7. Not having a clear strategy
Entering without knowing when you will exit is like getting on a bus without knowing where it's going. Set goals for yourself: % of gain and loss.
đŹ My advice: learn from others' mistakes, but live your own path. Crypto is not "getting rich quickly," it's a process. And if you take it seriously, it can change your life.
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