BRITNEY_S
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*Beware of Binance Trading Fees on Short Trades! đžđĄ*
If you're trading on Binance, especially when shorting coins, here's a crucial tip that could save you from losing a significant portion of your profits: *Fees apply to both Buy and Sell transactions!*
I recently tried short trading a few coins, and to my surprise, *nearly 15% of my profit* was deducted just in fees! đ± Let me break it down for you:
*Why Are Fees So High?*
- *Separate Fees for Buy and Sell*: Every time you make a trade (whether buying or selling), Binance charges a fee.
- *Short Trades Double the Fees*: In short trading, you open a position to sell and then close it by buying. This means *two transactions*, and *two fees*. This can quickly eat into your profits, especially in volatile markets where short-term gains are already slim.
*â ïž Pro Tip*:
Always *calculate the fees* before entering a trade. In fast-moving markets, your short-term profits can vanish in the blink of an eye if you donât account for the cost of transactions.
Stay smart, calculate costs, and avoid letting trading fees eat up your gains! đ°đ
$S
$POL
$TRX
#VoteToListOnBinance #BinanceAlphaAlert #Write2Earn
If you're trading on Binance, especially when shorting coins, here's a crucial tip that could save you from losing a significant portion of your profits: *Fees apply to both Buy and Sell transactions!*
I recently tried short trading a few coins, and to my surprise, *nearly 15% of my profit* was deducted just in fees! đ± Let me break it down for you:
*Why Are Fees So High?*
- *Separate Fees for Buy and Sell*: Every time you make a trade (whether buying or selling), Binance charges a fee.
- *Short Trades Double the Fees*: In short trading, you open a position to sell and then close it by buying. This means *two transactions*, and *two fees*. This can quickly eat into your profits, especially in volatile markets where short-term gains are already slim.
*â ïž Pro Tip*:
Always *calculate the fees* before entering a trade. In fast-moving markets, your short-term profits can vanish in the blink of an eye if you donât account for the cost of transactions.
Stay smart, calculate costs, and avoid letting trading fees eat up your gains! đ°đ
$S
$POL
$TRX
#VoteToListOnBinance #BinanceAlphaAlert #Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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