#TradingStrategyMistakes

**Trading Strategy Mistakes on Binance**

Many traders on Binance fall into common strategy pitfalls. One major mistake is overleveraging—using too much borrowed capital can wipe out accounts quickly. Another error is trading without a solid plan, relying on emotion rather than data. Ignoring risk management, like failing to set stop-losses, often leads to large losses. Some chase the market, buying tops or panic-selling bottoms. Additionally, overtrading based on short-term volatility rather than long-term trends can erode profits. Beginners often overlook backtesting strategies before going live. To succeed, traders must stay disciplined, continuously learn, and refine their strategy based on real performance data.