Key points
Liquidation occurs when a trader's margin level falls below liquidation thresholds. Therefore, careful monitoring of margin levels is critical to avoid liquidation.
Having a trading plan and following it consistently can help you avoid impulsive decisions and reduce the risk of liquidation.
To further minimize liquidation risks, you can use strategies such as stop-loss orders, margin call ratio (MCR) settings, and enable automatic replenishment.
Although margin trading can increase your profits, it can lead to larger losses if the market moves against your position, especially if your collateral does not meet the margin requirements. In this case, liquidation will occur as Binance will have to close your positions. To prevent this, it is important to plan ahead and manage your risks.
In this article, we will look at various tools and strategies that will help you minimize your liquidation risks when trading on margin.
Set up a trading plan
"If you don't plan to succeed, you plan to fail." Developing a clear trading plan and determining expected profits and losses are essential to success. Developing a robust stop-loss strategy is also effective in reducing liquidation risk. Additionally, you can use margin options such as entry price and exit price on the position tab to fine-tune your trading plan.
Proper planning, discipline, and timely execution will help prevent impulsive decisions or exhausting inaction caused by emotions that can backfire.
Keep an eye on the margin level
In addition to creating a trading plan, it is extremely important to monitor the level of margin, as it is a key indicator of risk. On Binance, the margin level is divided into healthy, low, medium and high.
When your margin level drops too low, you will no longer be able to borrow or trade, and you will be notified of a margin call. Liquidation may occur if you are unable to actively reduce or replenish your position. The best way to prevent this is to always keep an eye on your margin.
Set stop-loss orders
Unlike the stock market, cryptocurrency markets operate 24/7, which means that unexpected volatility can occur during periods of low liquidity. Binance's multiple order modes, such as stop-limit or "One Cancels the Other" (OCO), which automatically place an order when the price meets your desired conditions, will help you feel at ease. If the situation does not meet your expectations, the use of stop-loss orders will help to keep the losses within the preset range.
Adjust your MCR (margin call ratio)
When your margin level falls below the margin call threshold, the system will send you a margin call alert - a reminder to reduce or add to your positions.
However, sometimes sudden changes in price can cause the margin level to reach the liquidation ratio in an instant, leaving virtually no time to take action. Binance allows users to adjust the margin call ratio within a certain range. Setting a higher margin call ratio allows more time to respond and lowers the risk of liquidation.
Turn on the automatic top-up feature
When margin levels fall, quickly replenishing your position can reduce the risk of forced liquidation. Binance offers an auto top-up feature to make this tool work for you at maximum efficiency.
The auto top-up feature automatically transfers funds from your spot wallet to your margin wallet when the margin level drops to a specified ratio. This feature helps maintain proper margins and reduces the risk of liquidation. To learn more about this feature, check out this guide.
Results
Understanding the risks and knowing what strategies to use to manage them are key to successful margin trading. A clear trading plan and the discipline to execute it, as well as a deep understanding of how liquidation works, will go a long way in reducing the risk of liquidation. Check out this guide, blog, Terms of Use and other resources available on Binance to better understand the product.
Related articles
Disclaimer and Risk Warning: Digital assets are subject to high market risk and volatility. The information provided is in no way a solicitation, recommendation or inducement to buy or sell products. The value of your investment may fall as well as rise, and you may not get back the amount you invested. Comments and analysis are not commitments or guarantees on the part of Binance. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. Past performance is not a reliable indicator of future performance. You should only invest in products that you are familiar with and understand the risks involved. You should consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial advisor before making any investment. This material should not be considered as financial advice. This product may not be available in some countries or for certain users. This content is not intended for users and countries to which applicable prohibitions or restrictions apply. More information can be found in our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our responsible trading page.
Follow us on Binance Ukraine social networks:
Telegram Channel | Telegram group | TikTok | Twitter | Facebook | Instagram | YouTube