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.