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5 Mistakes I Made as a Beginner Trader on Binance 🚫📉

1. Chasing Pumps Instead of Learning the Charts 📈🤯

I jumped into coins just because they were trending. I bought green candles and sold red ones. FOMO was my strategy—and it cost me dearly.

Lesson: Learn technical analysis and understand why a coin is moving before clicking "buy".

2. Ignoring Risk Management 😅💸

I used 50–100% of my capital on single trades, sometimes with leverage. One bad call? Account wiped.

Lesson: Use stop-loss orders, position sizing, and only risk what you can afford to lose.

3. Not Taking Profits When I Had Them 💰👉🙅

I watched 3x gains turn into losses because I was greedy. “It’ll go higher,” I thought. It didn’t.

Lesson: Set clear exit targets. Always secure your bag before the market secures your regret.

4. Getting Info from Hype, Not Research 🧠🗞️

I trusted Twitter influencers and TikTok hype without verifying the project, tokenomics, or team.

Lesson: DYOR (Do Your Own Research). Hype fades, but fundamentals matter.

5. Not Having a Trading Plan 🎯📊

I woke up and traded whatever looked “hot”. No goals, no rules—just vibes.

Lesson: Build a strategy. Know your entry, target, and exit before entering the trade.

💡 Final Tip: Don’t beat yourself up. Mistakes are part of the journey. Just don’t repeat them. Learn, adjust, and keep moving forward.$WCT