quinn_tips
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💰Maker-Taker Fees: How to Save on Trading Costs 💰 #quinn_tips
On many exchanges, trades incur maker and taker fees. A maker adds liquidity by placing a limit order that isn’t immediately matched, while a taker removes liquidity by filling an existing order. Maker fees are often lower, sometimes even 0️⃣ which can help save on costs.
‼️To be a maker, your limit order must not be executed right away. ‼️ For example, if $ETH is trading at $2,615, placing a limit buy at $2,610 will only fill if the price dips, earning you lower fees. On the other hand, a limit order above the market, say at $2,620, will execute immediately, making you a taker and incurring higher fees.
Of course, there are times when a taker order makes sense, like when you want to jump on a trade right away. But with my trading style, it’s rarely necessary, as the market often pulls back, giving me a chance to catch up with the trend.
You’ve been wondering who these mysterious market makers are? Now you know—it’s me, when I place my orders properly. 😂😂
Join me in the secret society of market makers❕🎩
#BeginnerTrader #BeginnerTips
On many exchanges, trades incur maker and taker fees. A maker adds liquidity by placing a limit order that isn’t immediately matched, while a taker removes liquidity by filling an existing order. Maker fees are often lower, sometimes even 0️⃣ which can help save on costs.
‼️To be a maker, your limit order must not be executed right away. ‼️ For example, if $ETH is trading at $2,615, placing a limit buy at $2,610 will only fill if the price dips, earning you lower fees. On the other hand, a limit order above the market, say at $2,620, will execute immediately, making you a taker and incurring higher fees.
Of course, there are times when a taker order makes sense, like when you want to jump on a trade right away. But with my trading style, it’s rarely necessary, as the market often pulls back, giving me a chance to catch up with the trend.
You’ve been wondering who these mysterious market makers are? Now you know—it’s me, when I place my orders properly. 😂😂
Join me in the secret society of market makers❕🎩
#BeginnerTrader #BeginnerTips
LIVEQuinn Angelia Pullens
--
Following up on fee-saving strategies, Binance’s Auto-Invest is another great option for long-term holders. Allocating just 10-20% of your funds and DCA-ing over 10-12 weeks helps you build positions gradually, while keeping trading fees lower.
#quinn_tips
#BeginnerTrader #ETH🔥🔥🔥🔥
$ETH $SOL $SUI
#quinn_tips
#BeginnerTrader #ETH🔥🔥🔥🔥
$ETH $SOL $SUI
Following up on fee-saving strategies, Binance’s Auto-Invest is another great option for long-term holders. Allocating just 10-20% of your funds and DCA-ing over 10-12 weeks helps you build positions gradually, while keeping trading fees lower.
#quinn_tips
#BeginnerTrader #ETH🔥🔥🔥🔥
$ETH $SOL $SUI
#quinn_tips
#BeginnerTrader #ETH🔥🔥🔥🔥
$ETH $SOL $SUI
LIVEQuinn Angelia Pullens
--
Trading $FDUSD Pairs with 0 Maker Fees. #quinn_tips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which I’ve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which I’ve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
Trading $FDUSD Pairs with 0 Maker Fees. #quinn_tips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which I’ve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
Spot fees can really add up, especially when trading frequently with small price differences, sometimes cutting up to 30% of profits. On certain FDUSD pairs, Binance currently offers 0 maker fees, which I’ve found useful for trading coins like $SOL and $SUI. A maker is someone who places a limit order, adding liquidity to the market. While FDUSD pairs have lower volume compared to USDT (the king of stablecoins), this fee-free setup can be a good option for those starting with small capital.
I allocate around 5% of my funds into $FDUSD for frequent trades.
Anyone else finding value in these fee-free pairs?
#BeginnerTrader #BinanceTips
4 Trading Fears according to Dr David Paul. #quinn_tips
1. Fear of being wrong
2. Fear of loosing money
3. FOMO
4. Fear of leaving money on the table.
Sincerely yours #BeginnerTrader 🐣is guilty of all of them 😁
1. Fear of being wrong
2. Fear of loosing money
3. FOMO
4. Fear of leaving money on the table.
Sincerely yours #BeginnerTrader 🐣is guilty of all of them 😁
That’s why stops are triggered more often on $ETH . $SOL - much cleaner chart. And volume is consistent.
#BeginnerTrader #funky_quinton_13 #FuturesTrading
#quinn_tips
#BeginnerTrader #funky_quinton_13 #FuturesTrading
#quinn_tips
I’m actually thinking that day trading $SOL or $BTC could be a better choice than $ETH . ETH is good, and I have my reasons to invest into it. But despite all 3 are quite correlated, price action and excessive volatility of ETH are unbearable. It’s still decent choice for swing trading with rather wide stop-losses as well as for options.
#BeginnerTrader #ETH🔥🔥🔥🔥 #FuturesTrading #BinanceFutures #quinn_tips
#BeginnerTrader #ETH🔥🔥🔥🔥 #FuturesTrading #BinanceFutures #quinn_tips
Conservative Beginner
… or How to Not Lose all Your Money in First 90 Days
#Beginers #BeginnerTrader #RiskManagement #BinanceFutures #quinn_tips
I describe my approach which I currently think is right for me.I’m sharing it since I think it can be helpful for other newcomers.As I learn more, my opinion on this topic may change.I started when crypto was in ranging phase, so my experience may not be applicable to strongly trending market, which I hope will come soon. I’m not really scalping, I’m not good at it.It is not a recipe about making 10x in a month.For now I consider it a learning experience. If I desperately needed to earn I wouldn’t go here, too risky.
Crypto Allocation / Portfolio
1/3 - top 3 coins $BTC $ETH $SOL ~40% - stable coins1/3 - anything else split about 50/50% between top-10 and the restFor now I use relatively small amount of funds for crypto (less then required for any VIP level on Binance), but making it too small does not makes much sense to me.
Allocation by Product
Actually, my plan is to use about 1/3 of my funds for futures / options, but after series of failures I gradually and I hope, temporarily decreased it to about 1/4.
Operations Futures / Options
I’m more active at futures due to lower fees (compared to spot). But I don’t abandon spot and other tools.Don’t risk on anyone trade more than 2% of what is currently allocated for futures/options (excluding coin-m, which I use for mid-term investment). Helps me stay in the game longer while I’m learning. 😁I don’t have a strong opinion on leverage. In futures I just rarely needed more than 2x and only couple of times 4x. In coin-m - under 5x.I trade them only in liquid markets: top 3, rarely something from top 10I don’t trade news when they arrive, but 30-60 minutes later can present great opportunitiesI rarely trade in European hours. I step into eastern hours only when I follow a trend.Sometimes I keep my day-trade overnight, protecting it with SL/TP. In around 50% cases it helps, otherwise it ends up around breakeven
ETH Futures Day Trading
I’m not going to write on technical analysis. Just few rules I follow to decide when not to trade.
Usually, if I don’t see volume >100k on 15m timeframe (ETH), I stay away and observe. In London hours I tolerate a bit lower volume.Usually it is good idea to close at the end of the day. Longs can be kept a bit longer.I usually prefer US hours.
Spot
So far I’ve been more successful in spot. I try to find opportunity to buy low. Whenever coin allocations is above what I plan for it, I start looking to sell excessive amount higher.
Sometimes I use dual-investment feature when I can wait and don’t care about few $$ price difference. It does not seem to have fees. And does not require staring at the screen.
Earn
Only marginally profitable, but since at least 50% of my funds stay passive, I let earn do its thing.
Summary
Risk management is the key.I don’t engage in risky endeavors.Spot is good and accounts for most of my profit. Honestly, if fees where comparable to futures, I’d stay mostly in spot.Futures present great opportunities, but I cannot master good win/loss ratio yet, so for now I only have a little profit there. I’ll scale allocation to futures to 1/3 again when I feel more confident there.Quarterly Coin-M futures are good for longer term trades due to absence of funding fee.I’m more successful with options long puts than with futures shorts. Not sure why. Maybe it is just me.Patience is a key. I may have 5-10 spot orders waiting their turn for days. Futures day trading requires more active management, so I don’t keep more than 2 of them simultaneously. Here and there I buy option put when I anticipate down trend.⚠️‼️ For crypto I’m using amount of funds I’m happy to lose. Actually even less. I may decide to move more funds to crypto trading later, after I learn more and achieve better consistency.
#Beginers #BeginnerTrader #RiskManagement #BinanceFutures #quinn_tips
I describe my approach which I currently think is right for me.I’m sharing it since I think it can be helpful for other newcomers.As I learn more, my opinion on this topic may change.I started when crypto was in ranging phase, so my experience may not be applicable to strongly trending market, which I hope will come soon. I’m not really scalping, I’m not good at it.It is not a recipe about making 10x in a month.For now I consider it a learning experience. If I desperately needed to earn I wouldn’t go here, too risky.
Crypto Allocation / Portfolio
1/3 - top 3 coins $BTC $ETH $SOL ~40% - stable coins1/3 - anything else split about 50/50% between top-10 and the restFor now I use relatively small amount of funds for crypto (less then required for any VIP level on Binance), but making it too small does not makes much sense to me.
Allocation by Product
Actually, my plan is to use about 1/3 of my funds for futures / options, but after series of failures I gradually and I hope, temporarily decreased it to about 1/4.
Operations Futures / Options
I’m more active at futures due to lower fees (compared to spot). But I don’t abandon spot and other tools.Don’t risk on anyone trade more than 2% of what is currently allocated for futures/options (excluding coin-m, which I use for mid-term investment). Helps me stay in the game longer while I’m learning. 😁I don’t have a strong opinion on leverage. In futures I just rarely needed more than 2x and only couple of times 4x. In coin-m - under 5x.I trade them only in liquid markets: top 3, rarely something from top 10I don’t trade news when they arrive, but 30-60 minutes later can present great opportunitiesI rarely trade in European hours. I step into eastern hours only when I follow a trend.Sometimes I keep my day-trade overnight, protecting it with SL/TP. In around 50% cases it helps, otherwise it ends up around breakeven
ETH Futures Day Trading
I’m not going to write on technical analysis. Just few rules I follow to decide when not to trade.
Usually, if I don’t see volume >100k on 15m timeframe (ETH), I stay away and observe. In London hours I tolerate a bit lower volume.Usually it is good idea to close at the end of the day. Longs can be kept a bit longer.I usually prefer US hours.
Spot
So far I’ve been more successful in spot. I try to find opportunity to buy low. Whenever coin allocations is above what I plan for it, I start looking to sell excessive amount higher.
Sometimes I use dual-investment feature when I can wait and don’t care about few $$ price difference. It does not seem to have fees. And does not require staring at the screen.
Earn
Only marginally profitable, but since at least 50% of my funds stay passive, I let earn do its thing.
Summary
Risk management is the key.I don’t engage in risky endeavors.Spot is good and accounts for most of my profit. Honestly, if fees where comparable to futures, I’d stay mostly in spot.Futures present great opportunities, but I cannot master good win/loss ratio yet, so for now I only have a little profit there. I’ll scale allocation to futures to 1/3 again when I feel more confident there.Quarterly Coin-M futures are good for longer term trades due to absence of funding fee.I’m more successful with options long puts than with futures shorts. Not sure why. Maybe it is just me.Patience is a key. I may have 5-10 spot orders waiting their turn for days. Futures day trading requires more active management, so I don’t keep more than 2 of them simultaneously. Here and there I buy option put when I anticipate down trend.⚠️‼️ For crypto I’m using amount of funds I’m happy to lose. Actually even less. I may decide to move more funds to crypto trading later, after I learn more and achieve better consistency.
About
ℹ️ checkout tag #quinn_tips
I Am
new to crypto trading 👨🎓quite conservativenot an expert in anythingusually trading top-3, mostly ETHwriting here mostly out of boredom while I’m waiting for the market setup I consider “right”
This Blog
describes my personal journeycontains random stuff
I Do Not
offer any financial advicesend any signalsmake any useful recommendations
If I accidentally do any of the above, please disregard 😁
I Do
make mistakes in trading all the time
———
ℹ️ If you are interested have a look at the article about my “portfolio” and trading habits. It is not necessarily “right”, but it didn’t prove itself wrong yet. https://app.binance.com/uni-qr/cart/14403749357865?r=965557876&l=en&uco=I5v6-A7KkJP17eY5FaMB4w&uc=app_square_share_link&us=copylink
I Am
new to crypto trading 👨🎓quite conservativenot an expert in anythingusually trading top-3, mostly ETHwriting here mostly out of boredom while I’m waiting for the market setup I consider “right”
This Blog
describes my personal journeycontains random stuff
I Do Not
offer any financial advicesend any signalsmake any useful recommendations
If I accidentally do any of the above, please disregard 😁
I Do
make mistakes in trading all the time
———
ℹ️ If you are interested have a look at the article about my “portfolio” and trading habits. It is not necessarily “right”, but it didn’t prove itself wrong yet. https://app.binance.com/uni-qr/cart/14403749357865?r=965557876&l=en&uco=I5v6-A7KkJP17eY5FaMB4w&uc=app_square_share_link&us=copylink