At the same stop-loss level, why do some people lose only 1% while others lose 30%?
For example: with an account of 10,000 USDT, if you are only willing to lose 1% per trade (100 USDT), and the stop-loss distance is 2%, the notional position size is about 5,000 USDT.
Key point: after consecutive losses, you can reduce your position size or take a break; do not increase your position size in an attempt to win it back in one shot.
Here is a real-time price: $BTC current price 82728.01, 24h -0.84%.
After a loss, do not immediately double down to recover; this often leads to even bigger losses.
#BTC
For example: with an account of 10,000 USDT, if you are only willing to lose 1% per trade (100 USDT), and the stop-loss distance is 2%, the notional position size is about 5,000 USDT.
Key point: after consecutive losses, you can reduce your position size or take a break; do not increase your position size in an attempt to win it back in one shot.
Here is a real-time price: $BTC current price 82728.01, 24h -0.84%.
After a loss, do not immediately double down to recover; this often leads to even bigger losses.
#BTC