#TradingMistakes101 📉 Mistakes When Trading on Binance: TOP-5 to Avoid 🚫

Trading on Binance can be profitable, but even experienced traders make mistakes. Here are the 5 most common mistakes that can be costly:

1️⃣ Trading Without a Strategy

Buying "at the highs" or trading blindly is a direct path to losses. Always have a clear plan: entry point, exit point, and risk level.

2️⃣ Using High Leverage

Leverage can increase profits, but it can also increase losses. Many beginners quickly lose money trading with 20x or 50x leverage. Start small.

3️⃣ Ignoring Stop-Losses

Hoping for a "bounce" often ends in a complete loss of position. Always set stop-losses, even if you are 100% confident.

4️⃣ Emotional Trading

Greed, fear, and FOMO are the main enemies of a trader. Decisions should be made based on analysis, not emotions.

5️⃣ Lack of Risk Management

Never risk more than 1-2% of your deposit in a single trade. Success in the long term begins with preserving capital.

💡 Tip: Keep a trading journal — analyze trades, learn from mistakes, and improve your strategy.