Hello Binance Buddies,
I am very new to this zone of trading but want to share some practical experience and observations
Common 3 Big Mistakes New Traders Make (Let’s share, How to Avoid Them)
1. Chasing Green Candles
Don't jump into a rising market without a plan. Wait for confirmation before making a move.
2. No Stop Loss
A single bad trade can wipe out your entire portfolio. Set a stop loss to limit your losses.
3. Overleveraging
Using too much leverage can lead to huge losses. For beginners, spot trading is a safer option.
Stay Smart, Trade Safe
Focus on consistency and avoid taking unnecessary risks. Let experienced traders take the risks – you focus on steady gains.
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