$BNB Biggest Trading Bot Mistakes â Avoid These Costly Errors! đ€đž
If you're using a Binance Trading Bot, make sure you donât make these mistakes! Even a small misconfiguration can lead to big losses.
â 1. No Stop-Loss = Huge Losses đš
â ïž Problem: Without a stop-loss, a market crash can wipe out your entire portfolio.
â Solution: Always set stop-loss and take-profit to protect your capital.
â 2. Wrong Grid Settings = Missed Profits đ
â ïž Problem: If grid levels are too wide, you might miss trades; if too tight, fees increase.
â Solution: Adjust grid spacing based on market volatility for optimal performance.
â 3. Overleveraging = Quick Liquidation đ
â ïž Problem: Using high leverage in Futures Grid Bots increases the risk of liquidation.
â Solution: Stick to low leverage (1x-3x) and monitor your bot regularly.