⚠️ The most common mistake when using buy/sell orders
When we start on Binance (or any exchange), almost everyone falls into the same mistake:
👉 Always using market orders.
🚨 Why is it a mistake? • With a market order, you buy or sell at the price available at that moment. • If there is low liquidity or high volatility, you end up paying more when buying or receiving less when selling. • This is called slippage, and it can eat away a good portion of your profit without you noticing.
✅ What to do instead? • Use limit orders: you choose the exact price at which you want to buy or sell. • This way you avoid surprises and have greater control over your trade. • Example: if BTC is at $64,800 and you want to buy at $64,000, place a limit order and that's it, wait for the market to reach it.
📌 Extra advice: • If you are a beginner and don't want to complicate things, you can use market orders, but only for small amounts. • For large trades, always use limit.
👉 In summary: The most common mistake = buying/selling at market without thinking. The solution = use limit orders and be patient.
🔥 Question for you: Do you use more limit orders or market orders?
and I am just learning, I have only been in the crypto world for 1 month and a half, and of course I would like to have a portfolio like yours, who said it can't be done, regards
CryptoFrancoARG
--
Bullish
My crypto portfolio explained: how much I invest and in which projects 💰🚀
Every month I use between 400 and 600 dollars to invest in crypto, and this is the breakdown of the projects I trust today:
1️⃣ If prices are high, I don't buy immediately When I see that cryptocurrencies are at their peak or very close, I prefer not to enter so I don't buy at a high price.
2️⃣ I use USDT to protect my money and earn daily interest Instead of standing still, I keep my money in USDT (a stablecoin that is always worth 1 dollar) and put it to “work” on platforms that pay daily interest, such as staking or crypto loans. This allows me to earn extra while I wait for a good opportunity.
3️⃣ When a coin drops, I buy a small percentage When I notice that one of the cryptos I follow drops in price and has solid fundamentals, I take the opportunity to buy a small part. This way I take advantage of the declines without risking too much.
4️⃣ I diversify to reduce risks I don't put everything in a single coin because the crypto market is very volatile. Having several projects helps so that if one drops significantly, the others can compensate.
Why do I like this strategy? • It helps me avoid buying in panic or at highs. • I keep my capital protected and generating some interest with USDT. • I can take advantage of falling opportunities without risking all my money. • I am diversified among established and emerging projects, balancing safety and growth.
Now I ask you:
Do you have a plan for your portfolio? How do you decide when to buy and sell?
Leave your comment, I am interested to know how you manage your investments. Let's all learn together! 👇
bro, I do the same but with less, I'm not a millionaire like you yet haha but it's my way of thinking too and I've done it starting out since I'm learning and it hasn't gone so badly for me
CryptoFrancoARG
--
Bullish
My crypto portfolio explained: how much I invest and in which projects 💰🚀
Every month I use between 400 and 600 dollars to invest in crypto, and this is the breakdown of the projects I trust today:
1️⃣ If prices are high, I don't buy immediately When I see that cryptocurrencies are at their peak or very close, I prefer not to enter so I don't buy at a high price.
2️⃣ I use USDT to protect my money and earn daily interest Instead of standing still, I keep my money in USDT (a stablecoin that is always worth 1 dollar) and put it to “work” on platforms that pay daily interest, such as staking or crypto loans. This allows me to earn extra while I wait for a good opportunity.
3️⃣ When a coin drops, I buy a small percentage When I notice that one of the cryptos I follow drops in price and has solid fundamentals, I take the opportunity to buy a small part. This way I take advantage of the declines without risking too much.
4️⃣ I diversify to reduce risks I don't put everything in a single coin because the crypto market is very volatile. Having several projects helps so that if one drops significantly, the others can compensate.
Why do I like this strategy? • It helps me avoid buying in panic or at highs. • I keep my capital protected and generating some interest with USDT. • I can take advantage of falling opportunities without risking all my money. • I am diversified among established and emerging projects, balancing safety and growth.
Now I ask you:
Do you have a plan for your portfolio? How do you decide when to buy and sell?
Leave your comment, I am interested to know how you manage your investments. Let's all learn together! 👇