⚠️ Going all-in against the trend = Chronic liquidation! A fatal flaw for 90% of losers
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A lot of folks are losing in trades, with their accounts constantly shrinking. It's not just bad luck; it's that they're repeatedly using self-destructive trading strategies. All those massive liquidations, deep drawdowns, and accounts going to zero stem from just a few root causes: going all-in on leverage, holding against the trend, misreading the trend and stubbornly holding on, and mindlessly trying to catch bottoms or tops. This isn’t trading; it’s pure gambling and the deadliest pitfall for retail traders. 📌 First off, let's address the deadliest point: going all-in. The biggest misconception for many traders is thinking they can get rich overnight. They always feel like making money with small positions is too slow and want to go all-in for a double.
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How mainland users can leverage Binance's US stock feature, I've put together a quick tutorial that I hope will be useful for everyone. 1. First, upgrade the app to the latest version v3.15.0 2. In settings, change the language to Traditional Chinese 3. Log out and back in, and you'll find a section for traditional finance in the market, where you can trade US stocks and ETFs. Ps: The trading fees for US stocks are pretty steep, so make sure to calculate if it's worth it for you.
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