Risk management!!

🔐 1. Enable Security Features

Before trading:

• Enable 2FA (Two-Factor Authentication).

• Set anti-phishing code to verify real Binance emails.

• Use withdrawal whitelist if holding large funds.

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📊 2. Set a Risk Management Strategy

A. Position Sizing

• Never invest more than a small percentage (1–5%) of your portfolio in a single trade.

• Calculate position size based on your stop-loss level and account equity.

B. Use Stop-Loss Orders

• Always set stop-losses to limit potential losses.

• For example: if BTC drops 5% from your entry, a stop-loss triggers and sells to preserve capital.

C. Take-Profit Targets

• Set take-profit levels to lock in gains.

• You can also use OCO (One-Cancels-the-Other) orders on Binance to set both stop-loss and take-profit simultaneously.

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⚖️ 3. Diversify Your Portfolio

• Avoid putting all your funds in one asset.

• Hold a mix of high-cap, mid-cap, and stablecoins (like USDT, USDC) to balance risk.

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📈 4. Use Leverage with Caution (or Not at All)

• Binance Futures allows up to 125x leverage — this is very risky.

• Beginners should avoid high leverage or start with 1–2x max.

• Use isolated margin rather than cross-margin to limit risk to a single position.

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📉 5. Understand Liquidation Risk

• In futures or margin trading, if your collateral drops below the maintenance margin level, Binance will liquidate your position.

• Monitor margin ratio and use auto-deleverage (ADL) protection tools.

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🧠 6. Keep Emotions in Check

• Don’t chase losses (revenge trading).

• Stick to your plan; don’t FOMO into pumps.

• Keep a trading journal to track what works.

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🛠 7. Use Binance Tools for Risk Control

• Portfolio analytics: See your exposure across assets.

• Price alerts: Set alerts in the Binance app for volatility.

• Auto-invest: Use DCA (Dollar Cost Averaging) to reduce the impact of volatility.

📝 8. Stay Informed

• Follow Binance announcements for project updates and delistings.

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