Today I want to share my recent trade experience on Binance Futures.
I opened a long position on $BOB with a small amount, using leverage to increase my exposure. At the time, the market looked bullish and indicators were pointing up.
My entry price was 0.00004006, and I used 11x leverage. I set a take profit near the previous resistance and a stop-loss just below the recent support to protect my position.
At first, the trade was going well and I was in profit. But later, due to sudden volatility, the price dropped, hitting my stop-loss. I took a small loss but I’m glad I followed my risk management plan.
Every trade teaches me something. I’ve learned to stay calm, always set stop-losses, and never let emotions control my trades. Trading is not only about profits, but also about consistency and learning from every move.
#BOB #TradingJourney #BinanceFutures