🛡️ Risk management — today’s practical lesson
Golden rule: never risk more than 1% of your account on a trade. $1,000 account → maximum risk of $10 per trade.
Example using today’s $BTC (real numbers):
• Price: $86,282 | 7-day support: $82,563 | 7-day resistance: $87,220
• RSI 74.5 (overbought): a signal to be patient, not to chase the price
Entry scenario on a pullback to $84,000:
• TECHNICAL stop, below support—not at an arbitrary round number: $82,300
• Risk distance: $84,000 − $82,300 = $1,700 per BTC
• Position size: $10 ÷ $1,700 ≈ 0.0059 BTC (about $494 exposed, with $10 at risk)
Minimum risk/reward ratio of 1:2 BEFORE entering:
target = $84,000 + 2 × $1,700 = $87,400 — near the week’s resistance. If the setup doesn’t offer at least 1:2, stay out.
⚠️ And correlation: opening identical positions in two assets that move together (e.g., BTC and ETH) at the same time isn’t diversification—it’s doubling down on the same bet. Count the combined risk as if it were a single trade.
Several small stops are better than going all-in: preserving capital is strategy #1. 💪
#CriptoVisao #Bitcoin
Golden rule: never risk more than 1% of your account on a trade. $1,000 account → maximum risk of $10 per trade.
Example using today’s $BTC (real numbers):
• Price: $86,282 | 7-day support: $82,563 | 7-day resistance: $87,220
• RSI 74.5 (overbought): a signal to be patient, not to chase the price
Entry scenario on a pullback to $84,000:
• TECHNICAL stop, below support—not at an arbitrary round number: $82,300
• Risk distance: $84,000 − $82,300 = $1,700 per BTC
• Position size: $10 ÷ $1,700 ≈ 0.0059 BTC (about $494 exposed, with $10 at risk)
Minimum risk/reward ratio of 1:2 BEFORE entering:
target = $84,000 + 2 × $1,700 = $87,400 — near the week’s resistance. If the setup doesn’t offer at least 1:2, stay out.
⚠️ And correlation: opening identical positions in two assets that move together (e.g., BTC and ETH) at the same time isn’t diversification—it’s doubling down on the same bet. Count the combined risk as if it were a single trade.
Several small stops are better than going all-in: preserving capital is strategy #1. 💪
#CriptoVisao #Bitcoin
