Here are some practical daily spot trading tips for Binance (or any crypto exchange):

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1. Set a Clear Strategy (and Stick to It)

Scalping (quick trades for small gains),

Swing trading (hold for a few days), or

Trend following—know your style and stay disciplined.

2. Watch BTC & ETH First$ETH $BTC

Bitcoin and Ethereum heavily influence other altcoins.

If BTC is volatile, avoid risky trades; wait for stability.

3. Use Limit Orders

Don’t always chase the market with market orders.

Limit orders help you control entry/exit better and avoid slippage.

4. Pay Attention to Volume

High volume = stronger moves.

Look for coins with a volume spike—it often signals potential action.

5. Use Stop-Loss & Take-Profit

Always protect your capital with a stop-loss.

Don’t get greedy—set profit targets and follow them.

6. Avoid Trading During News Events

Major announcements (Fed rates, regulations, hacks) create unpredictable swings.

If you're unsure, it’s okay to sit out.

7. Track Binance Top Gainers/Losers

Look for patterns in top 24h movers.

But don’t FOMO—analyze first before jumping in.

8. Practice Risk Management

Risk only 1–2% of your capital per trade.

Never go all-in.