Trade with the trend first, see the big picture
The commission fees are too high, and all the profits are taken by the platform
Hello brothers, I am trader HN trader. If you play high-frequency contracts, you may not even know about the existence of commission fees, or even look down on this little fee. However, the fees from frequent trading may even exceed your principal, which is a significant cost.
Open the Binance APP--Funds--Contracts--Today's Profit and Loss--Funding Fees and Trading Fees, and you can see your commission fees for the past year. For high-frequency contract trading and brothers with large positions, your commission expenses may exceed your principal in just one month.
So you must open a commission rebate. If you have little capital, save on a daily pig's trotter meal; if you have a lot of capital, that’s one Xiaomi su7 a year.
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