The price clearly returned to my entry price, so why am I still slightly down after closing the position?
Averaging down only makes the average cost look more comfortable; it doesn’t change the risk of the entire position. The larger the position, the greater the profit or loss from the same price movement.
When opening a position in several batches, the average entry price is the volume-weighted average of the execution prices.
It took me paying enough tuition to learn: read the manual first.
When the market is highly volatile, avoid chasing trades. Wait for things to settle before taking another look.
$BTC 83157.9（+0.21%）
#BTC
Averaging down only makes the average cost look more comfortable; it doesn’t change the risk of the entire position. The larger the position, the greater the profit or loss from the same price movement.
When opening a position in several batches, the average entry price is the volume-weighted average of the execution prices.
It took me paying enough tuition to learn: read the manual first.
When the market is highly volatile, avoid chasing trades. Wait for things to settle before taking another look.
$BTC 83157.9（+0.21%）
#BTC