#TradingMistakes101 Trading on Binance (or any cryptocurrency exchange) can be profitable, but it's also easy to make costly mistakes, especially for beginners. Here’s a breakdown of common trading mistakes people make on Binance and tips on how to avoid them:

🔴 Common Trading Mistakes on Binance

1. Lack of Research ( Trading)

Mistake: Buying a coin just because it's pumping or trending on social media.

Risk: Entering at the top and suffering losses when the price crashes.

Fix: Always do your own research (DYOR)—study fundamentals, project utility, team, roadmap, etc.

2. Overleveraging in Futures

Mistake: Using high leverage (e.g., 50x or 100x) without understanding the risks.

Risk: Liquidation (losing your entire position) from small market moves.

Fix: Start with low leverage (1x–5x) and learn proper risk management.

3. Ignoring Stop-Loss Orders

Mistake: Not setting a stop-loss to protect your investment.

Risk: Massive losses if the market moves against you.