With the same stop-loss level, how can some people lose 1% while others lose 30%?
Position size calculated based on the distance to your stop-loss has no direct relationship with leverage. Leverage only affects how much margin you use, provided your liquidation price is beyond your stop-loss.
If you open multiple positions in the same direction on coins with similar price movements, their risks add up, so you should also set a limit on your total position size.
Here’s a live price: $BTC is at 82805.85, up 0.38% over 24 hours.
What do you think? Join the discussion in the comments.
#BTC
Opinions can change at any time. Please manage your own gains and losses.
Position size calculated based on the distance to your stop-loss has no direct relationship with leverage. Leverage only affects how much margin you use, provided your liquidation price is beyond your stop-loss.
If you open multiple positions in the same direction on coins with similar price movements, their risks add up, so you should also set a limit on your total position size.
Here’s a live price: $BTC is at 82805.85, up 0.38% over 24 hours.
What do you think? Join the discussion in the comments.
#BTC
Opinions can change at any time. Please manage your own gains and losses.