#BotOrNot Using a Binance Trading Bot? Avoid These Costly Mistakes! 🚨**
Trading bots can be profitable, but small errors can lead to big losses. Here’s how to stay safe and maximize your gains:
❌ **No Stop-Loss = Huge Losses**
Without a stop-loss, a sudden market crash can wipe out your funds. Always set stop-loss and take-profit levels to protect your capital.
❌ **Wrong Grid Settings = Missed Profits**
Grid spacing is crucial—too wide, and you miss trades; too tight, and fees eat into your profits. Adjust based on market volatility.