Let’s talk about take-profit and stop-loss orders.
On Binance USDT-margined futures, you can choose to trigger a conditional order based on the latest price or the mark price.
To be honest, this is something I only realized later: place a stop-loss when you open a position. Don’t wait until your losses have grown before thinking about when to exit.
Looking at the market: $BTC is trading at 83053.45 (24h +0.46%).
Trading fees are also part of the cost of holding a position, so the longer you hold it, the more important it is to factor them in.
#BTC
Stay calm and don’t get carried away.
On Binance USDT-margined futures, you can choose to trigger a conditional order based on the latest price or the mark price.
To be honest, this is something I only realized later: place a stop-loss when you open a position. Don’t wait until your losses have grown before thinking about when to exit.
Looking at the market: $BTC is trading at 83053.45 (24h +0.46%).
Trading fees are also part of the cost of holding a position, so the longer you hold it, the more important it is to factor them in.
#BTC
Stay calm and don’t get carried away.