When trading on Binance, people often make the following mistakes:

1. 📉 Lack of risk awareness: Not fully realizing the high risk and price volatility of the cryptocurrency market, overlooking the potential for significant losses from investments, and rashly investing large amounts of money.

2. 🐑 Blindly following the crowd: Believing recommendations, rumors, or information on social media without conducting thorough research and analysis, blindly following investment trends, leading to poor timing in purchases or falling into scams.

3. 🔁 Overtrading: Frequently buying and selling not only increases trading costs but also makes it easy to make wrong decisions due to impulsive emotions or overconfidence, missing out on better investment opportunities.

4. 🔒 Ignoring security issues: Not taking account security seriously, such as using weak passwords and not enabling two-factor authentication, which can easily lead to account theft and financial loss.

5. 📖 Lack of understanding of trading rules: Being unfamiliar with the trading rules, fee calculations, order types, and other details of the Binance platform, which may result in unnecessary losses due to operational errors.

6. ⛔ Lack of stop-loss strategy: When investments incur losses, failing to stop loss in a timely manner and instead holding onto the hope of a price rebound, ultimately leading to further losses.