The take-profit and stop-loss features of Binance have really saved me several times
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稳波山
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The years I spent trading contracts with 100 USDT: Don't believe in "guaranteed profits"; you need to focus on minimizing losses.
Last week, with nothing to do, I opened a contract on Binance with 100 USDT, and now I want to clarify the pitfalls I encountered—I'm not here to teach you how to make money, but to prevent you from entering the market blindly like I did.
At first, I was fixated on the "skyrocketing coins"; I chased after the K-line when it was rising, and as soon as I bought in, it plummeted, losing 20 USDT in half an hour. It wasn't until later that I realized: it's not just about how much it has risen, but it's essential to understand "why it has risen"—that day, a small coin had some "good news," but it was purely speculative; I just happened to be the one buying in at that moment.
After that, I learned to be cautious. Each time I opened a position, I only dared to use 20% of my capital (which is 20 USDT). Even if I lost, it wouldn’t be a devastating blow. I also set "take profit and stop-loss" orders: I sell if I make a 10% profit, and I run if I lose 5%. Just by playing it small, after three days, I didn’t make much, but at least I didn’t fall in like I did the first time.
By the way, Binance's "contract real trading" feature is quite useful—it allows you to see the profit and loss curve of each transaction directly without manual calculations. Beginners really shouldn't believe in "all-in for quick money"; start with a small amount to practice, understanding "when to run" is much more important than "when to buy."
#币安合约实盘
Last week, with nothing to do, I opened a contract on Binance with 100 USDT, and now I want to clarify the pitfalls I encountered—I'm not here to teach you how to make money, but to prevent you from entering the market blindly like I did.
At first, I was fixated on the "skyrocketing coins"; I chased after the K-line when it was rising, and as soon as I bought in, it plummeted, losing 20 USDT in half an hour. It wasn't until later that I realized: it's not just about how much it has risen, but it's essential to understand "why it has risen"—that day, a small coin had some "good news," but it was purely speculative; I just happened to be the one buying in at that moment.
After that, I learned to be cautious. Each time I opened a position, I only dared to use 20% of my capital (which is 20 USDT). Even if I lost, it wouldn’t be a devastating blow. I also set "take profit and stop-loss" orders: I sell if I make a 10% profit, and I run if I lose 5%. Just by playing it small, after three days, I didn’t make much, but at least I didn’t fall in like I did the first time.
By the way, Binance's "contract real trading" feature is quite useful—it allows you to see the profit and loss curve of each transaction directly without manual calculations. Beginners really shouldn't believe in "all-in for quick money"; start with a small amount to practice, understanding "when to run" is much more important than "when to buy."
#币安合约实盘
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