🔥🤯 For the first time in my life, I understood how to "average down" - to buy more, but I was very close to liquidation due to the low overall balance. 🤔 If I hadn't monitored the trade for all 4 hours, I would have lost the entire balance, now I understand why TPSL won't help in certain situations...
Why do beginners lose their deposit on Binance futures ⚠️
🔥 Every day, tens of thousands of traders enter the futures market with confidence that "now I'll make x10". And then "suddenly" they lose everything. Why is that?
1️⃣ Trading commission Even with an accurate entry, a series of short leveraged trades can "eat up" part of the deposit. The commission is charged with each opening and closing of a position. This is especially noticeable with high leverage.
2️⃣ Funding rate Funding is the fee between longs and shorts, depending on the market balance. If the rate is positive, longs pay shorts, and vice versa.
3️⃣ Risk reassessment Leverage is not a magical profit multiplier but an amplifier of mistakes. Even a price movement of 1–2% can lead to liquidation.
4️⃣ Emotions and lack of strategy Beginners often enter trades without a plan, based on emotions or advice from chat. Without a clear risk management system, even an ideal entry turns into a loss.
💡 Tip: keep an eye on commissions, consider the funding rate, limit risk per trade, and don't exceed 10–20x.
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🤫 There's a legend that there are people here who believe and even draw triangles on charts, as if the market maker doesn't care about your triangles and drawings 😂
🤔 Apparently, everyone is withdrawing their assets from crypto and buying gold, real gold.. ⏳ Time will tell, but for now, I'm betting that crypto will crash 👇🏻🔥 📵 No connection for 24 hours to think. 🤔 Have you seen those red candles over the past 7 days? It seems like someone is quietly selling, and it looks like there will be many such guys in the near future, as they say.. 😏 He who laughs last, laughs best