Good afternoon everyone, I just finished reviewing the trading volume of Binance Alpha, and I want to report on the loss situation.
The trading amount I processed is 260*32=8320 with a loss of $2.52. I saw in the group that some friends mentioned the losses from trading Binance Alpha are too high, so I would like to share my method here.
The trading pair I used is $ZKJ, and since my amount is relatively small, the actual loss per transaction is between 0.05-0.06.
In terms of slippage, my slippage when buying and selling is around 0.2%. Although the fluctuations of $ZKJ have not been very large during this time, to be on the safe side, I still set a lower slippage to prevent unexpected fluctuations.
Regarding the trading competition on Binance, you can now see your total trading volume for each specific currency pair on your Alpha page. It is important to note that
Trading competition: both buying and selling will count towards your trading volume.
Alpha points: only your buying volume counts, selling volume does not count.
One widely shared method for maximizing Alpha points is to process trading volume after 8 AM in the UTC+8 timezone, as losses tend to be lower then. However, I haven't tried this myself yet, but based on feedback from group friends, it seems to be true. If you are a high-capital user worried about excessive losses, you can try trading Alpha in the morning to minimize your losses.
Of course, if anyone has better methods to reduce losses, please feel free to share so we can all benefit from Binance's offerings!
