Dear new fellows since you're new to Binance and haven’t made a trade yet, here’s a helpful tip: Always focus on "Risk Management."
Basic Rule: "1-2% Rule"
Never risk more than 1-2% of your total capital on a single trade. For example, if you have $1000, you should risk only $10-$20 per trade.
Set Stop-Loss & Take-Profit
Stop-Loss: The price at which your trade will automatically close to prevent further loss.
Take-Profit: The price at which your trade will close to secure profit.
Using these will help you minimize losses and lock in profits..$BTC