Taking a trade without a stop loss is the worst thing you can do as a beginner,let nobody tell you other wise. I had $433 before and now I just have $7 left simply because I was trading without a stop loss 💔 #stoploss
Step Into the Arena of Passive Income! Welcome to the #BinanceEarnYieldArena, where your crypto doesn't just sit — it works for you. Whether you're holding for the long term or just exploring new ways to grow your assets, Binance Earn has something for everyone. From flexible savings to high-yield opportunities, this arena is all about making your crypto hustle while you relax. Start earning smarter, not harder. Let your crypto do the heavy lifting! #BinanceYeldEarnArena
Here are 8 stop loss strategies to consider as a beginner :
1) The percentage rule. 2) Support and resistance levels. 3) Using moving averages. 4)Avoid emotional decisions. 5) Consider volatility. 6) Review market conditions. 7) Backtest your strategy. 8) Setting it too close. #StopLossStrategies
Five common mistakes in Binance futures people make while trading : trading without a clear strategy, using excessive leverage, ignoring risk management, trading based on emotions, and neglecting market trends and news.
Here's a more detailed explanation of each:
1) Trading Without a Clear Strategy: Entering trades without a defined plan, entry points, exit points, and risk management strategies can lead to impulsive decisions and significant losses. 2) Using Excessive Leverage: While leverage can amplify profits, it can also magnify losses. Using too much leverage without proper risk management can quickly wipe out a trading account. 3) Ignoring Risk Management: Failing to set stop-loss orders, understanding the risk-reward ratio, and not diversifying positions are crucial mistakes that can lead to substantial losses. 4) Trading Based on Emotions: Letting fear, greed, or other emotions drive trading decisions can lead to poor choices and unfavorable outcomes. Maintaining a calm and objective approach is essential. 5) Neglecting Market Trends and News: Ignoring market analysis, technical indicators, and relevant news can lead to missed opportunities and poor timing of trades. Staying informed is crucial for successful trading. #BinanceFutureTrading #futuresriskalert
Affected by the delisting news, tokens such as BAL experienced a sharp short-term drop.
According to market information, the prices of tokens such as BAL experienced a significant short-term drop due to delisting news: BAL dropped over 10% in a short period of time, now trading at $0.99; BADGER dropped over 9% in a short period of time, now trading at $1.011; CREAM dropped over 20% in a short period of time, now trading at $3.07. #DelistingAlert
Elon Musk Presses Trump to Reverse Tariffs Amid Trade Tensions
Elon Musk urged President Trump to roll back newly announced 50% tariffs on Chinese imports, arguing they would hurt companies like Tesla that depend on global supply chains. Musk also criticized White House trade adviser Peter Navarro and pushed for a U.S.-EU free trade zone. Despite his efforts, Trump proceeded with the tariffs, highlighting a growing divide between the administration and key business leaders. #TrumpTariffs #CryptoTariffDrop
🕐 Binance has released a new report noting that the toughest trade tariffs since the 1930s are already impacting the global economy and the crypto market.