No one likes seeing their portfolio dip, right? Here’s how to avoid unnecessary losses on Binance:
Set Stop-Loss Orders: Before you even enter a trade, set a stop-loss. It automatically sells your asset at a pre-decided level if the price drops, protecting your capital.
Watch Out for High Fees: Frequent trading? Use $BNB for fee discounts or try spot trading over futures – fees can eat up profits!
Avoid Panic Selling: Markets swing. The worst mistake is selling because everyone else is. Trust your strategy and let the storm pass; most times, markets recover.
Avoid Meme coins: Don't buy those meme coin, they fluctuate so much, and doesn't follow the trend, instead focus on $BTC instead, cause BTC moves the market and won't fluctuate as much as meme coins.
Follow these, and you’ll dodge the common traps most new traders fall into.
#BinanceBlockchainWeek #16thBTCWhitePaperAnniv #EIGENonBinance #USPCEExceeds #USADPSurges