#TradingMistakes101 ⚠️ Are you making these trading mistakes without realizing it?
Trading on Binance can be a great opportunity, but a single mistake can cost you more than you think. Here are the 5 most common mistakes you should avoid at all costs:
1️⃣ Entering without a strategy: Trading on impulse is one of the biggest mistakes. You need a clear plan with defined entry, exit, and stop-loss points.
2️⃣ Over-leveraging: Leverage amplifies profits... and also losses. Many novice traders get liquidated quickly for not controlling risk.
3️⃣ Not using a stop-loss: Trading without protection is like driving without brakes. Never enter a trade without knowing how much you are willing to lose!
4️⃣ Letting emotions take over: Fear, greed, or frustration can destroy an account. Learn to trade with a cool head.
5️⃣ Not studying or reviewing your trades: Every trade is a lesson. Analyze your mistakes and constantly improve.
📚 Trading is not about guessing, but about making smart decisions based on analysis and discipline.
