Luna春婷

Binance Trading Purely Practical | No Signals, No Empty Promises, A Set of Practical Strategies for Long-Term Survival

Having played with Binance for so long, I've seen people become rich overnight, and I've seen others lose everything in a few days. Those who truly survive are not the luckiest, but those who understand the rules best, can manage their positions, and can withstand their emotions.

This article is all practical content, without mystical indicators, no myths of getting rich quickly, only things you can directly use on Binance.

1. First, understand Binance itself; it's more important than studying candlestick charts.

1. You must look at the fee structure.

◦ The spot trading fee for market orders and limit orders is different; limit orders are cheaper.

◦ Contract positions have funding rates, and when long and short are unbalanced, the rates can be exaggerated.

◦ Frequent short-term trading can eat up half of your profits in fees.

2. Forced liquidation rules are the lifeline.

◦ Binance contracts have two modes for forced liquidation: isolated and cross margin.

◦ In cross margin, once liquidation occurs, the entire margin goes to zero; beginners should not open positions recklessly.

◦ Isolated margin is the only safe choice for beginners.

3. Always use the platform's built-in take profit and stop loss.

◦ Don't manually monitor and close positions; 90% of major losses occur from "just waiting a bit longer."

◦ Set conditional orders and trigger orders in advance; do not participate in market emotions.

2. Position management: The first core of Binance trading.

• Beginners: Single trade risk should not exceed 1%-2% of total funds.

• Moderate position: Single trade should not exceed 5%.

• At any time, do not go all in; do not heavily chase the high.

• The higher the leverage, the smaller the position must be.
100x leverage ≈ very small position
20x or lower is suitable for normal trading.

The crypto world lacks opportunities; it only lacks capital that is still in play.

3. Spot and contracts are completely two different games.

1. Spot trading mindset.

◦ Only trade mainstream coins; do not touch low-quality coins.

◦ Buy in batches on big dips and sell in batches on big rises.

◦ Do not trade frequently or chase small fluctuations.

◦ Spot core: Hold on, and catch the right cycles.

2. Contract trading mindset.

◦ Contracts are not for getting rich; they are for amplifying risks.

◦ Only trade with trends; do not try to bottom-fish against the trend.

◦ Do not hold onto losing trades; do not add to your position against the trend to average down.

◦ When unrealized losses increase, the first reaction should be to reduce positions, not to add to them.

4. The easiest habits that can lead to significant losses must be avoided.

1. Take profits quickly but hold on to losses until the end.

2. Blindly follow others' signals.

3. Frequent switching of coins and opening positions out of impulse.

Like a dreamlike illusion, good song @Luna春婷