My Binance Trading Experience
I started trading on Binance in early 2023, mainly because it’s one of the most trusted and user-friendly crypto exchanges. At first, I stuck to spot trading – buying low and selling high – with popular pairs like BTC/USDT, ETH/USDT, and BNB/USDT.
Step-by-Step Breakdown of My Trading Operations:
Market Research & Watchlist Setup
Every morning, I check the news and analyze market sentiment using Binance’s charting tools (powered by TradingView). I also use the RSI, MACD, and support/resistance levels to make decisions. I keep a watchlist of 10–15 coins.
Spot Trading
I prefer spot over futures because of lower risk. I usually enter trades with a fixed portion of my capital (e.g., 10% per trade). I buy when a coin dips by 5–10% with strong fundamentals and set sell targets at +10–15%.
Using Limit and Stop Orders
I avoid chasing pumps. I place limit orders below current market price and stop-loss orders to protect myself from huge drops. This strategy helped me avoid big losses during market corrections.
Portfolio Diversification
I never put all my funds in one coin. My portfolio includes majors like BTC (40%), ETH (25%), BNB (15%), and the rest in altcoins like SOL, MATIC, and ARB.
Occasional Futures Trading (Low Leverage)
I use 2x–5x leverage only when I’m confident. I trade BTC or ETH in short bursts (scalping style) and always set both take-profit and stop-loss orders.
Using Binance Tools
P2P to fund my account with mobile money or bank transfer.
Auto-Invest for DCA (Dollar Cost Averaging) in BTC and ETH.
Earn to stake idle coins like USDT or BNB for passive income.
Wins & Lessons
Biggest Win: Bought ARB at $0.90 and sold at $1.25.
Tough Lesson: Bought LUNC during hype, lost 40% in 3 days.
Lesson: Always have an exit strategy and never invest based on hype.
Summary
Trading on Binance has been both exciting and educational. It’s not a get-rich-quick platform. Patience, discipline, and proper risk management are key to surviving and thriving.