These recommendations will help you minimize losses in the future and you will be able to earn real profits.
1. Constantly grow your deposit.
If you want to earn more – increase your capital. Many mistakenly think that they can turn a small deposit into a fortune, but in reality, large money creates large opportunities. For example, with 1000 USDT, you can take a good position in spot or futures, while with 50 USDT – you'll be limited in maneuvering. Therefore, top up your balance and use trading opportunities to the fullest.
2. Forget about courses and signal channels.
Don't spend money on 'closed' groups that promise golden mountains. 99% of them are scams. Instead, learn trading on your own – YouTube, Binance Academy, free resources, and personal experience. If you're not interested in understanding charts and market mechanics, then trading is not for you.
3. Don't leave money idle.
Keeping capital just in a spot account means losing potential income. If you don't plan to make a purchase in the next few days, send your funds to flexible staking (Earn) or stablecoins with interest. For example, if you have 1000 USDT lying around, put it in FDUSD or a deposit with interest – this way, your money will work while you wait for a good entry price.
4. Trading bots – for calm coins.
Automated trading works best on coins that move sideways and are not influenced by market jumps. Choose undervalued assets with low volatility, set a narrow range, and increase the order grid. For example, if a coin is fluctuating between $0.90 and $1.10, the bot can catch frequent fluctuations and generate profit.
5. Save on fees.
Fees can 'eat up' a significant portion of profits, especially if you trade frequently. Use conversion instead of regular trades, choose trading pairs with USDC or FDUSD, and use commission rebate vouchers. For example, if you make 10 trades a day of 100 USDT each, saving even 0.1% on each trade over time will yield a noticeable benefit.
6. Think ahead – look at larger timeframes.
Opening 1-minute or 5-minute charts is a sure way to panic and fuss. Analyze the market on longer intervals – from 1 hour to 4 hours and above. This will help you see the overall picture and avoid impulsive decisions. For example, if you see growth on a 5-minute chart, it may just be a false spike, while the trend on a 4-hour timeframe may be downward.
7. Go against the crowd.
News, forecasts, and analysts' advice often turn out to be contrary to the real situation. If the majority expects growth – be cautious, it may be a trap for long positions. For example, before strong dumps, a lot of positive news usually comes out to lure in new buyers. Learn to read the market, rather than following someone else's forecasts.
8. Don't chase listings – farming $BNB is not always profitable.
Many hold BNB for new listings, but this may not be the best strategy. During the holding period, the token may drop, and you'll wait longer to break even than you'd like. It's better to use FDUSD – it's a more stable option.
9. Short after a pump – a proven strategy.
After sharp increases, assets often correct, and this can be used to your advantage. Open the tab with growth leaders, find coins with green candles, wait for a slight pullback, and enter short. For example, if a coin has risen by 30% in a few hours, the chances of correction are very high.
10. Split your trades – don't enter the full amount at once.
Never buy or sell the entire volume at once. The market can turn at any second, and if you entered with the full amount, you'll have no room to maneuver. For example, if you have 1000 USDT, don't spend it all at once – divide it into 3-5 parts and enter gradually. This way, you'll minimize risks and get a better average entry.
