Binance beginner contract operation, remember to first open permissions → transfer funds → set risk control → small position trial order → liquidation and take profit and stop loss in five steps. Newbies should prioritize using U-based perpetual contracts + ≤5x leverage + isolated margin + limit orders + 3-5% stop loss, single transaction ≤ total funds 5%.
Five, Closing positions and follow-up (timely cashing out)
1. Manual closing: On the position page click [Close position] → select limit price/market price → confirm, it is recommended to close in batches.
2. Automatic closing: Take profit and stop loss trigger automatic closing; can also set trailing stop loss (automatically adjust stop loss position when prices fluctuate).
3. Funds transfer back: After closing positions, transfer from contract wallet → spot wallet (free), avoid keeping funds in the contract account. $BTC
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