🗣️ Someone said: I have a small principal, low fees, and no need for rebates.
I said: Precisely because the principal is small, you should be more frugal!
200U principal, 10x leverage, position 2000U
Market entry + take profit, round trip fee 0.1%
2000U × 0.1% = 2U fee per order
You place 3 orders a day? That’s 6U/day
In a month = 6U × 20 days = 120U fees!
What does this mean for a small account?
It’s giving back a full 60% of your principal to the platform!
You aren’t losing; it’s the fees that are making you lose.
You think you’re stable, but actually, the profits are being slowly eaten away.
❗Don’t make such a basic mistake again.
Rebates are not a skill; they are your moat for survival!