#TradingMistakes101 #TradingMistake101

Many beginners on Binance make avoidable mistakes. One common error is trading without a plan — entering positions based on emotions or hype instead of solid analysis. Others forget to set stop-loss or take-profit orders, risking bigger losses. Some misuse leverage on Binance Futures, turning small losses into liquidations. Always understand how leverage works before using it. Ignoring trading fees or not using BNB for discounts can slowly eat into profits. FOMO (Fear of Missing Out) often leads to buying tops, while panic selling locks in losses. On Binance, always double-check your order type, wallet address, and risk level before trading. Discipline is key.