Post
Topic
Board Beginners & Help
Re: How to trade properly for newbies
by
Magicalking
on 14/09/2021, 07:21:20 UTC
1. Position is the most important thing
Stop loss is the most important IMO. Taking position is as easy as placing a bet
4. Do not borrow, deposit too large (under 25X is safe)
This is good. Binance has a restriction on the leverage a newbie can use (x20).
5. Do not leave orders overnight
This shouldn't be a problem if you set your stop loss and sell trigers. Automatically the system will do accordingly to the commands set.
6. Adjust emotions when entering orders. If you lose, remove the other bets
I
Btw you forgot to add; Don't trade futures until you are no longer a " newbie". Trading futures is not for beginners