#BinanceEarningsš
Earn Passive Income with Binance Earn
Binance Earn allows you to put your idle assets to work through:
Flexible Savings: Withdraw anytime and earn daily interest.
Locked Staking: Earn higher rewards by locking your crypto for a fixed time.
Launchpool: Stake BNB or other tokens to farm new tokens.
These are great for long-term holders who donāt plan to trade frequently.
7. Set Stop-Loss and Take-Profit Levels
One of the most common mistakes beginners make is not using stop-loss and take-profit orders. These tools help you manage risk and lock in profits:
Stop-Loss: Automatically sells your crypto if the price drops to a certain level.
Take-Profit: Automatically sells when a target profit level is reached.
This way, your emotions donāt control your trading.
8. Avoid Overtrading and Emotional Decisions
New traders often fall into the trap of constantly buying and selling based on emotions like fear (FUD) or hype (FOMO). This can lead to heavy losses. Stick to your plan. Avoid chasing pumps or reacting to social media noise without solid research.
Tip: Take breaks, track your trades, and reflect on your strategies.
