#TradingMistakes101
Trading can be an opportunity to build sustainable income, but it also carries real risks if not done thoughtfully. At Binance, we believe that learning from mistakes is an essential part of any trader's success.
Here are the main mistakes to avoid:
1️⃣ Entering trades without a plan – trading without a clear strategy leads to random decisions.
2️⃣ Ignoring capital management – risking your entire balance on a single trade can be disastrous.
3️⃣ Not using stop loss – the most important tool to protect your money.
4️⃣ Being influenced by emotions (fear/greed) – the market needs a calm mind, not hasty decisions.
5️⃣ Chasing the market after missing opportunities – don't enter a trade just because you "feel" it will go up!
✅ Use the analysis tools available on Binance, and learn from our free educational resources.
📚 Every learning step adds to your strength as a successful investor.