10 winning trades in a row. Then one $ETH long.
Per Lookonchain, trader 0xe813 had won all 10 previous trades for +$6.32M. The latest ETH long is down $7.3M, and the overall record is now more than $1M in the red.
Streaks don't protect you. Position size does.
My rules in a market like this:
• Risk per trade stays small
• No adding to losers
• Stop goes in before the entry
Not financial advice.
#RiskManagement #ETH #CryptoTrading
Per Lookonchain, trader 0xe813 had won all 10 previous trades for +$6.32M. The latest ETH long is down $7.3M, and the overall record is now more than $1M in the red.
Streaks don't protect you. Position size does.
My rules in a market like this:
• Risk per trade stays small
• No adding to losers
• Stop goes in before the entry
Not financial advice.
#RiskManagement #ETH #CryptoTrading
