#BotOrNot Avoid These Costly Trading Bot Mistakes! 🤖💸
While trading bots can help automate your strategy, a simple mistake could lead to major losses! Before diving into your Binance Trading Bot, make sure you steer clear of these common errors.
❌ 1. No Stop-Loss = Major Risk 🚨
⚠️ Problem: Allowing your bot to operate without a stop-loss could lead to devastating losses during a market downturn.
✅ Solution: Always set a stop-loss and take-profit to minimize risk and safeguard your portfolio.