Many new players ask me why, when clearly the position is at a break-even loss, it still incurs a loss after closing. In fact, this part of the loss is your transaction fee, which you did not account for when closing the position.

So how can we reduce this fee erosion?
The first method: When at break-even loss, set the position a bit higher.
The second method: Open a fee reduction privilege (commonly known as rebate). This privilege is only available to KOLs who have deep cooperation with Binance, so do not casually seek out unknown people to open it.

If you want to know how much fee has been deducted from you, you can open the Binance APP -- Funds -- Contracts -- Today's Profit and Loss -- Capital Costs and Trading Fees, where you can check your fees for the past year.

To be honest, I also trade contracts, and without the rebate, I wouldn't be able to handle it myself.

If you want to open the Binance fee reduction, you can register through the following link or fill in the rebate invitation code.
Binance rebate link: https://www.suitechsui.online/zh-CN/join?ref=750747411
Binance rebate invitation code: 750747411

If you want to open a contract account, you can fill in the invitation code: 752639221.
All of the above methods can help you obtain fee reductions.

Principal Community exclusive chat room: 【校长-交易学院】专属聊天群

If you can't enter the group by clicking, you can copy the link and open it in Google Browser, which will redirect you to Binance Exchange and you can join by clicking

Remember to open the ladder when opening the link in the browser, and you can close the ladder after entering the chat room

How to enter the chat room:
Go back to the exchange homepage and click the message at the top of the upper right corner, and you can find it!

$PENGU Little Penguin, I plan to start dollar-cost averaging
Is there anyone joining me? 😎

In a bull market, people from all walks of life rush into the cryptocurrency space like sharks smelling blood, eager to make a fortune.

The scammers have long been lurking, setting traps, while the fools dive in like moths to a flame.

And the outcome? The scammers make a killing, laughing all the way to the bank; while the fools, on the other hand, lose everything, left with nothing but a sigh.

Let's briefly talk about the altcoin season. Will altcoins really surge from January to March?
This year's bull market is seen by long-time holders as a political bull market
It has come earlier than in previous years
In the last round, only BTC broke its previous high

Looking at Bitcoin's chart, it is clear that the first wave 🌊 was pulled up from last October
Then the second wave 🌊 in February this year
And the third wave 🌊 in November

According to previous logical cycles
The altcoin season will occur after the last wave of Bitcoin's rise, followed by sideways movement, leading to a sudden surge in altcoins 📈, and then a simultaneous crash

Honestly, many altcoins are a bit high right now. It's uncertain whether altcoins will have a bull market. If you don't already have a position, the current entry point is indeed high, the market cap is also high, and the potential for growth is limited

I believe in Trump's and Musk's ability to create bubbles; they definitely won't let the bull market end prematurely. Everyone has their own opinions.

Be cautious of the perpetual profit bloggers you see
As long as you enter the market, there will definitely be losses and gains
Every day they claim to be making money, especially those who record turning 1000u into 1 million u
If you believe them, who else can you blame? 😂【校长-交易学院】专属群

This rebellious kid is about to lose everything
Up to 35 times
Gone in less than a day
High risk, everyone plays contracts like this, sooner or later they'll go bankrupt
Those following should watch their own wallets 【校长-交易学院】专属群

Already cut in half, lost over a hundred thousand
🈹 hurts, not 🈹 also hurts
At that time, how high was 🦥$slerf's popularity
The marketing was done so well
Can I apply for a refund as a minor?🥹

The fundamental reason why ordinary people lose money in cryptocurrency trading:
The reason why 90% of ordinary leeks lose money is: small positions when the price rises, and large positions when the price falls sharply.
The reason for this is the problem of trading habits.
When buying a rising coin, most people do not have a large position, and then they cannot resist the temptation because of the continuous rise, and continue to increase their positions, and finally make up for the moment of callback, so the small position makes money, and the large position loses from head to toe. Of course, there are times when the compensation is right, but cryptocurrency trading is a long-term thing. This trading habit will sooner or later lead to a big loss.
So to avoid the habit, you must develop the habit of selling high and buying low, not the other way around.
First: build a fixed position, don't open a position at will.
Second: After building a position, only reduce the position, and no longer increase the position.
Third: Don't open a position at will, especially when the situation is unclear.
Suggestions for ordinary leeks, "experts" pass by. #BTC☀

The current market is still slightly weak, with the US holiday causing a decrease in trading volume. I personally lean towards a short-term fluctuation.
It is recommended to avoid short selling as much as possible and to stay in cash for long opportunities.

Can contracts make money? 【校长-交易学院】专属群
I can responsibly tell you that it is possible to make money; if it were not possible, so many people wouldn't stay in the market to play. Existence is reasonable.

So what is the difference between spot and contracts?
Spot trading requires strong investment research skills to make money; randomly entering the market may still lead to losses. The downside is that it requires a sufficiently large capital, making it more suitable for wealth management.

Contracts require strong trading skills to make money; there are no significant restrictions on capital, so anyone can participate. The downside is that the risk is high, making it a game for the brave.

In fact, playing anything is just about making money; it doesn't matter what you play. What is most important is finding what suits you and being able to make money.

This is the 519 incident from back then that caused me to lose ten million.
I didn't understand withdrawals before; I was still young and thought that low leverage wouldn't lead to liquidation.
Now I don't even dare to put all my funds on exchanges.

The little penguin should be the next rookie
Popularity and team are both decent

I just saw a fan say that buying spot will definitely not lose money.
I just want to ask, according to financial logic, A-shares must be more stable than so-called meme and counterfeit stocks.
If there are so many people losing money in A-shares, how come those playing with spot meme and counterfeit stocks
keep saying it's guaranteed profit? Don't they themselves have any positions?
Just questioning😂

How many years does a cryptocurrency trader need to make it big?
First Year: Understanding Phase, learning relevant knowledge
Second Year: Information Discrimination Phase, learning to analyze various news and technical aspects
Third Year: Technical Phase, repeatedly validating one's trading strategy
Fourth Year: Stable Profit Phase, at this stage, one should no longer incur significant losses and may even achieve stable profits

I'm not going to say who I'm talking about
It's definitely a certain influencer
Making a fortune from photo editing
Also bringing new recruits to low-quality projects
Can leverage up to 1000 times😂

Support and resistance are both here
Short positions can be placed here
Bull and bear are 5 5 split

The mountains are high and the road is long, so I wish you success.
He didn't earn a single penny but gave him a Binance VIP to save on fees.
After recommending a copy trade in the group, he disappeared with just an 'I'm sorry'.
Previously, every time I mentioned borrowing, I had gradually given him almost ten thousand dollars, never asking him to pay back or mentioning repayment.
Human nature is cold and thin; I admit my mistake.