3 deadly mistakes to avoid now
Many new traders enter the Binance platform with great enthusiasm, but after a few days, they start to lose. The truth is that the problem is not with the platform, but with 3 simple mistakes that if you avoid, will significantly reduce your losses:
1️⃣ Entering trades without a plan
Most people open a trade because they heard someone say "the currency will rise."
This is the biggest mistake.
Before any trade, ask yourself:
Why enter now?
Where will I close the trade if I lose?
Where will I close if I win?
Without a plan = guaranteed loss.
2️⃣ Using high leverage
Many use 20x or 50x leverage without knowing its dangers.
High leverage can double your profit... but it also doubles your loss, and can wipe out your account in seconds.
Start with simple leverages like: 2x – 3x only.
3️⃣ Entering with all capital
Some beginners enter with 100% of their balance in one trade.
The correct trading is:
Do not enter with more than 5% – 10% of the capital in one trade.
Keep liquidity for emergencies.
Capital management is more important than choosing the currency.
💡 Golden tip
Do not expect quick riches.
Make your goal "learning" before "profit", and you will notice that your decisions have become calmer and smarter.
📌 Summary
If you avoid these three mistakes:
Trading without a plan
High leverage
Entering with all money
Your results will change 180 degrees, and you will soon be close to the winning traders category.
