### 🚀 **Binance Futures Cheat Sheet (Beginner)**
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#### ✅ **1️⃣ START SETUP**
* Transfer **\$20** to your Futures wallet.
* Choose **BTC/USDT** trading pair.
* Set leverage to **2x** (only).
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#### ✅ **2️⃣ DECIDE DIRECTION**
* **LONG (Buy)** → think BTC will go **UP** from \$117,256.
* **SHORT (Sell)** → think BTC will go **DOWN** from \$117,256.
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#### ✅ **3️⃣ PLACE ORDER**
* Use **Market Order** (opens instantly at \$117,256).
* Trade small: e.g., **\$10** out of your \$20.
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#### ✅ **4️⃣ PROTECT YOURSELF**
* **Stop-Loss (SL):**
* If LONG at \$117,256 → set SL at **\$116,000** to limit losses (\~‑1%).
* **Take-Profit (TP):**
* Set TP at **\$118,600** (\~+1.2%) to lock in gains.
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#### ✅ **5️⃣ CLOSE TRADE**
* Let SL/TP auto-close the trade.
* Or close manually under **Positions** when you're ready.
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### 📈 **EXAMPLE TRADE**
* You LONG **\$10** at **\$117,256** with 2x leverage (so your position size is \$20).
* **If BTC rises** to **\$118,600** (up \~1.15%) ⇒ profit ≈ **\$0.46** on your \$10.
* **If BTC falls** to **\$116,000** (down \~1.1%) ⇒ loss ≈ **\$0.44** on your \$10.
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### 📋 **RULES OF THUMB**
Only trade 2–5%
Risk only a small part of your account to protect your capital.
Use 2x–3x leverage
Keep leverage low to avoid big losses from small price moves.
Set stop-loss and take-profit
Always limit your losses and lock in profits automatically.
Aim for small profits
Focus on steady 1–2% gains; they add up safely over time.
Avoid revenge trading
After a loss, take a break — don’t chase your money back emotionally.
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### 🛡 **WHEN TO TRADE**
✅ **Long** if BTC bounces up from a known support (e.g., \$116k).
✅ **Short** if BTC hits a resistance level (e.g., \$119k–\$120k) and reverses.
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### ⚠️ **WATCH OUT**
* Never use high leverage (10x+).
* Never “all-in” — keep it small.
* Don't trade based solely on guesswork.
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