If youâre new to Binance, let me be real with you:
Youâre going to make mistakes â I did too. But if you learn from them early, youâll save yourself a lot of money.
Here are the top 5 mistakes I personally made as a beginner on Binance â and how you can avoid them like a pro.
â Mistake #1: Jumping Into Hype Without Research
I saw people tweeting about $SHIB and $DOGE and instantly bought in without knowing a thing.
đ What happened?
I bought the top. Lost 40% in one day.
â What to do instead:
Always check:
What the project actually does
Recent price movement
Volume + hype cycle
If itâs pumping too hard, youâre probably late.
â Mistake #2: Using High Leverage Without Knowing How
I entered my first futures trade with 50x leverage on a meme coin.
I thought Iâd flip my capital in 5 minutes.
đ What happened?
Liquidated instantly. I lost everything.
â What to do instead:
Start with spot trading.
Then use 5x or less on futures once you understand market structure and risk.
â Mistake #3: Not Using Stop-Loss
I held a coin during a dump, hoping it would bounce. It didnât.
Loss? -65%.
â What to do instead:
Always enter a trade with a stop-loss in mind.
Donât trade emotionally.
â Mistake #4: Blindly Following Signals
I used to copy signals from Telegram groups without even checking the charts.
â No strategy.
â No risk plan.
Just vibes.
â What to do instead:
Use signals as ideas, not orders.
Always double-check the logic before entering.
â Mistake #5: Not Tracking Trades
No journal. No entries. No reason.
I was just trading randomly.
â What to do instead:
Track your trades â even on paper.
Log:
Entry & exit
Reason for trade
Profit or loss
This will skyrocket your improvement.
đ Final Words
You donât need to be perfect. You just need to avoid the dumb mistakes.
If youâre just starting your journey, I highly recommend Binance.
I use it daily â itâs beginner-friendly, secure, and has everything in one place.
đŻ Sign up here to get started:
đ https://accounts.binance.com/register?ref=194014835
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đ© Drop your questions below â I answer everything.