Today was my first day of trading futures on Binance and unfortunately I lost $4.08. I started with about $10 worth of trades but an unexpected liquidation caused me to lose everything. 🥲
🔍 Why did this happen? Liquidation is a process in which Binance automatically closes open positions to ensure that traders meet their financial obligations. It is crucial to always be aware of market fluctuations and potential liquidations.
📈 Tips to avoid future losses:
1. Diversify your investments: Don’t put all your funds into a single trade.
2. Set up alerts: Use alert tools to keep an eye on price changes.
3. Study and learn: Learn about technical and fundamental analysis to make more informed decisions.
🌟 Cryptos you may consider:
1. Bitcoin ($BTC ): Always a solid choice for long or short trading.
2. Ethereum ($ETH ): Popular and highly liquid, great for long-term strategies.
3. Cardano ($ADA ): A promising project with growth potential.
🙏 Please help me! If you liked this article, please share it and help me reach more people. And if you can, consider buying cryptocurrencies to support my work. 🙌#DOJBTCAuction #ShareYourTrade 
