🚨 🚨 IMPORTANT Tips for Future Trading Success 🚨

1. Understand Mark Price vs. Last Price: It’s crucial to grasp the distinction between the mark price and the last price. This knowledge can help you avoid unexpected liquidations and manage your positions more effectively.

2. Utilize Liquidation Insurance: To shield yourself from substantial losses, consider investing in liquidation insurance. This can provide a safety net and enhance your risk management strategy.

3. Stay Informed About Auto-Deleveraging (ADL): Be aware of how Auto-Deleveraging works and its potential effects on your trading positions. This understanding is key to navigating volatile market conditions.

4. Leverage the Binance API: Explore the possibilities offered by the Binance API. It allows you to develop custom trading bots or integrate third-party tools, enhancing your trading capabilities and efficiency.

5. Implement the Trailing Stop Feature: Take advantage of Binance’s trailing stop feature to secure your profits as the market trends in your favor. This tool can help you maximize gains while minimizing risk.

By integrating these tips into your trading strategy, you can improve your chances of becoming a profitable trader in the futures market.

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