📈💡 Entering your full futures position size at once is a rookie mistake I *definitely* made when I lost $5,400. It magnifies risk and often leads to chasing entries or getting stopped out prematurely.
Instead, scale in. If you plan a 1 BTC position, consider 30% (0.3 BTC) at your initial level. If the market moves against you slightly but still within your thesis, add another 30% at a better price. Add the final 40% if it dips further. This significantly improves your average entry and reduces the impact of small fluctuations.
Scaling out is just as vital. At your first profit target, take 50% off the table. Immediately move your stop loss for the remaining 50% to your average entry price – ensuring a risk-free trade. Let that winner run, maybe taking another 25% at a second target and...
Instead, scale in. If you plan a 1 BTC position, consider 30% (0.3 BTC) at your initial level. If the market moves against you slightly but still within your thesis, add another 30% at a better price. Add the final 40% if it dips further. This significantly improves your average entry and reduces the impact of small fluctuations.
Scaling out is just as vital. At your first profit target, take 50% off the table. Immediately move your stop loss for the remaining 50% to your average entry price – ensuring a risk-free trade. Let that winner run, maybe taking another 25% at a second target and...