I lost money on network fees, all transactions failed but network fees went through. Never using Binance Alpha again. using swap doesn't take network fees when transaction fails
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Kainatasif
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#BinanceAlphaAlert
I have seen many posts on Square where people are facing significant losses. For example, they take trades with a $3 margin, but their losses go up to $53. This happens primarily because they don't understand risk management and don't close their trades when they face minor losses. Instead of taking a $1 loss, they end up with extreme losses relative to their portfolio, like $53.
To avoid this, it's important to understand one key point: profits are not always guaranteed, and neither are losses. The most crucial thing is knowing when and at what time to exit a trade.
I have seen many posts on Square where people are facing significant losses. For example, they take trades with a $3 margin, but their losses go up to $53. This happens primarily because they don't understand risk management and don't close their trades when they face minor losses. Instead of taking a $1 loss, they end up with extreme losses relative to their portfolio, like $53.
To avoid this, it's important to understand one key point: profits are not always guaranteed, and neither are losses. The most crucial thing is knowing when and at what time to exit a trade.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.