Nine Essential Rules for Binance Crypto Traders
Want to grow as a trader and avoid common mistakes? Follow these simple but powerful rules — perfect for both beginners and experienced traders.
Follow the Market Trend
Trade with the trend. Buy in a bullish market and sell in a bearish one. Going against the market usually leads to losses.
Always Use Stop Loss
Protect your capital. Use a stop loss every time and risk only 1–2% per trade. A single wrong move can wipe out your account.
Be Patient — Don’t Chase Every Move
Not every moment is right for trading. Wait for clear setups. One solid trade is better than several random ones.
Trade Without Emotions
Stay calm. Fear and greed lead to mistakes. Always follow your plan — not your feelings.
Learn Before You Risk
Understand every strategy before using it. Backtest it first. Never risk real money on something you don’t fully grasp.
Keep a Trade Journal
Record your trades — entry, exit, and reason. Review weekly to learn from your mistakes and improve faster.
Only Trade What You Can Afford to Lose
Use extra money for trading — never your rent or borrowed funds. Stay stress-free and focused.
Don’t Copy Others Blindly
Learn from others, but always understand the trade before following. No one is right 100% of the time.
Stay Informed
Major news can move prices fast. Always check for updates before trading.
Daily Habits:
Check trends, mark support/resistance, plan trades, set risk, and avoid panic.
Final Tip:
The market rewards patience — not action without reason.
