🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
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Binance Doesn't Tell You! A Destructive Mistake that Destroys 99% of Crypto Accounts
Do you think you understand crypto? 🤔 Think again!
There is a CRITICAL MISTAKE that most traders – both newcomers and experienced ones – make on Binance ( and other exchanges ). This mistake is silently collapsing thousands of accounts every day! And this is not FOMO, it's not "listening to some guru". But it's the most basic thing that is often forgotten: There is NO specific risk management plan for each transaction. 📉 99% of Traders Ignore These Things: How much are you willing to lose if wrong? (Stop Loss) 🛑What profit do you expect? (Take Profit) 📈How much % of your capital are you willing to risk in this trade? 💰 Why Does This Mistake "Kill" Your Account? 💀 You place an order. The price starts to drop. 📉
Without a Stop Loss, you panic. You see your account evaporating little by little. In the end, you sell off in fear and incur heavy losses. On the contrary, if the price increases and you do not set a Take Profit, you start to get greedy. Waiting for it to "go up a little more"... But the market suddenly turns. Profits disappear, and you may even incur a loss. THE TRUTH: What Do You Need to Do to Protect Your Capital? 🛡️ An extremely simple solution, but requires discipline: ✅ 1. Determine the risk level before placing an order Only risk 1-2% of the total capital for each trade.
For example: If you have $1,000, you should only risk $10–$20 per trade. ✅ 2. Always set a Stop Loss before buying/selling Stop Loss is your lifesaver! It helps you know when to cut losses before it's too late. ✅ 3. Clearly define the Take Profit point What is the expected price level? Set profit targets, for example: the risk:reward ratio is 1:2 or 1:3. ✅ 4. Calculate order size (position size) Make sure that the order volume does not exceed the pre-calculated risk level. Position size calculators are available on many sites – take advantage of them! Final Warning 🚨 If you don't have a clear plan, you are not trading – you are GAMBLING! Binance is just a tool. The strategy lies with you! 👉 Don't let fear or greed dictate your decisions.
👉 Start trading like a real trader: have a strategy – have control – have discipline. Are you ready to STOP losing and PROTECT your wallet? 🚀Apply it right from the next order. Your financial future will thank you for this!