Guys, let's talk about something that silently bled my portfolio dry for ages: trading fees. You know, those tiny percentages Binance takes every time you open or close a trade? They look harmless, like a tiny drip from a faucet. But if that faucet drips all day, every day, your bucket eventually empties.
I was so focused on PnL, I ignored how many small trades I made. Each time I opened a 10x leveraged ADA position, then closed it for a minor loss, then tried to "get it back" on DOGE, those 0.02% or 0.04% fees piled up.
Think about it: a $100 trade at 10x leverage is $1000 notional. A 0.04% fee is $0.40. Doesn't sound like much, right? Do that 10 times a day, every day, chasing small moves. That's $4 a day, $120 a month, just in fees. And that's *before* market losses.
I burned...
I was so focused on PnL, I ignored how many small trades I made. Each time I opened a 10x leveraged ADA position, then closed it for a minor loss, then tried to "get it back" on DOGE, those 0.02% or 0.04% fees piled up.
Think about it: a $100 trade at 10x leverage is $1000 notional. A 0.04% fee is $0.40. Doesn't sound like much, right? Do that 10 times a day, every day, chasing small moves. That's $4 a day, $120 a month, just in fees. And that's *before* market losses.
I burned...