🚨 The most common mistake on Binance (and how to avoid it)
Many who are just starting on Binance write to me with the same frustration: “I entered the market and lost money quickly.” And it almost always comes down to the same mistake.
👉 The most common mistake on Binance is investing without a plan.
❌ What does it mean to invest without a plan?
• Buying a crypto just because it's going up.
• Putting money into a project because you saw it on TikTok or in a WhatsApp group.
• Not knowing when to sell or how much you are willing to lose.
This mistake is so common that most beginners end up buying high (when the price has already soared) and selling low (when fear sets in).
✅ How to avoid it
1. Set clear goals
Before buying, ask yourself:
• Why am I buying this crypto?
• Do I want it for the long term or to trade in the short term?
• What would I do if it drops by 20%?
2. Learn to use the tools on Binance
• In Spot, you can place limit orders to buy cheaply.
• You can use Stop Loss in futures to avoid risking everything.
• In Earn, you can leave part of your capital generating safe interests.
3. Never invest everything in a single coin
Diversify. Even if you love a project, if it drops significantly, you could lose all your capital.
📌 Real example
A follower told me that he entered Binance with 100 USDT, saw that a coin rose 30% in a day, and put everything there. Two days later, the coin dropped by 40% and he was left with less than 60 USDT.
👉 What was the problem? It wasn't the coin, it was not having a plan.
🎯 Conclusion
The most common mistake on Binance is not “choosing the wrong crypto” or “not being lucky.” The mistake is not having a strategy.
If you want to succeed in crypto, it's not enough to buy and wait. You need a plan, patience, and discipline.
