#SecureYourAssets
Remember this: if you want to succeed in trading, avoid these mistakes like the devil avoids the cross!
5 Costly Mistakes in Trading on Binance That Can Destroy Your Capital
The truth is that most traders don't fail due to bad luck. The problem, most of the time, is impulsive decisions and silly slips — but that cost a lot. Pay attention to these 5 mistakes that many people make and that you need to avoid at all costs:
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1. Buying at the top of the mountain
The mistake: Entering when the coin has already skyrocketed, thinking it will keep rising forever.
The consequence: The price plummets, and you are stuck with losses.
The right way: Wait for a correction. Too much hype usually ends badly.
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2. Trading without knowing where you want to go
The mistake: Opening positions without defining where you will exit.
The consequence: You get tangled up when it's time to sell — either you sell too early or hold until it turns to dust.
The right way: Define your profit target and loss limit beforehand. Always.
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3. Ignoring the blessed fees
The mistake: Constantly rotating positions without looking at the cost of it.
The consequence: Before you know it, your profit has been eaten up by the fees.
The right way: Use limit orders and pay with BNB to save money.
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4. Buying just because everyone is talking about it
The mistake: Letting FOMO take over and hopping into coins just because they are booming on social media.
The consequence: You might be falling into a pump-and-dump trap.
The right way: Research is key. Know what you are investing in before putting in money.
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5. Wanting to trade all the time
The mistake: Wanting to surf all market movements.
The consequence: Fatigue, poor decisions, and an account that keeps going down.
The right way: Be selective. Less is more. Wait for good setups with clear signals.
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Summary of the opera:
In the end, the game is not just about choosing good coins. It's mainly about knowing what not to do. Keep a clear head, stick to your plan, and protect your capital. Trading is not luck — it's strategy and discipline.
