#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.

❌ 2. Incorrect Grid Settings = Missed Opportunities 📉

⚠️ Problem: If your grid levels are set too wide, your bot might miss profitable trades. If they’re too tight, you’ll be hit with higher fees.

✅ Solution: Fine-tune grid spacing based on market conditions to find the sweet spot for optimal trades.