When traders face a losing streak, it may be challenging to turn the tide and stop the bleeding. In these situations, traders must know when to stop and avoid compulsive trading behaviors. Sometimes, the best trade is no trade at all.
To encourage self-discipline and responsible trading, Binance launched the Cooling-off Period function for users to temporarily disable derivative trading activities and abstain from compulsive trading behavior.
Even with this feature available, traders must continue to practice responsible trading independently, which calls for having complete control over their trades and taking responsibility for their actions.