New LONG on BTCUSDT
Entry: 86,190.9
Leverage: 10x isolated
Stop Loss: 83,605.1
The idea is to look for a bullish continuation from this area, but with very strict risk management because of the leverage.
With 10x leverage, a small move against me gets amplified quite a bit, so I’m not entering without an invalidation point: the SL is already set, and the position is in isolated mode to limit the risk to the allocated margin.
I’m not looking to hold the trade until it comes back if it loses the area that invalidates my entry. I’d rather take the loss and exit.
Controlled risk > looking for the perfect trade
This isn’t advice for anyone. I’m a beginner in futures and I’m documenting my process. I’m open to any advice you can give me.
#bitcoin #BinanceFutures #trading #RiskManagement #Long
Entry: 86,190.9
Leverage: 10x isolated
Stop Loss: 83,605.1
The idea is to look for a bullish continuation from this area, but with very strict risk management because of the leverage.
With 10x leverage, a small move against me gets amplified quite a bit, so I’m not entering without an invalidation point: the SL is already set, and the position is in isolated mode to limit the risk to the allocated margin.
I’m not looking to hold the trade until it comes back if it loses the area that invalidates my entry. I’d rather take the loss and exit.
Controlled risk > looking for the perfect trade
This isn’t advice for anyone. I’m a beginner in futures and I’m documenting my process. I’m open to any advice you can give me.
#bitcoin #BinanceFutures #trading #RiskManagement #Long