If you are starting on Binance and see a screen full of numbers in Futures, it can confuse you
Here I explain how to read it without complications and without scares 🦅✨
👉 1. Are you winning or losing?
The key data is the PNL
If it appears with a + it means you are winning
If it appears with a - you are losing
In your case
PNL +0.76
That means you are in profit
Even if it's a little, you are up
👉 2. The ROI
ROI shows the percentage of profit or loss according to your margin
Here it shows +713%
That happens because you entered with a small margin and a very high leverage
It does not mean that you won 713 dollars
But rather in proportion to what you put in, you are very high up
👉 3. Be careful with this
I see 40X leverage
This is extremely high for someone who is learning
A small market movement can liquidate you in seconds
It is not recommended for beginners because it does not give you margin for error
👉 4. What is the Liquidation Price
It's the number where Binance automatically closes your operation, and you lose your margin
The higher the leverage, the closer that price will be
That's why it's so dangerous
👉 5. What does GTC, TP, SL, etc. mean then?
• GTC is the type of order that lasts until it is executed
• TP is Take Profit
• SL is Stop Loss
• Isolated means that the risk is limited to the margin of that position
• Long means that you are betting it will go up
👉 Final conclusion
Yes, you are winning
But you are taking a lot of risk
If the price drops a bit, you could lose everything
To learn, it is better to use low leverage
5X maximum
And only amounts that don't hurt
Thunder Eagles
Educating newcomers without fear and without complications 🦅
#ROI #pnl #apalancamiento #cryptoeducation
