The price is back at the average entry price. Why am I still not breaking even?
When you open a position in multiple batches, the average entry price is the volume-weighted average of the execution prices for each trade.
Averaging down only makes the average price look more favorable; it doesn’t change the risk of the entire position. The larger your position, the greater the profit or loss from the same price movement.
Related asset: $BTC is trading at 83393.2, up 0.63% over 24h.
Keep more margin in your position, so a single wick doesn’t wipe you out.
#BTC
When you open a position in multiple batches, the average entry price is the volume-weighted average of the execution prices for each trade.
Averaging down only makes the average price look more favorable; it doesn’t change the risk of the entire position. The larger your position, the greater the profit or loss from the same price movement.
Related asset: $BTC is trading at 83393.2, up 0.63% over 24h.
Keep more margin in your position, so a single wick doesn’t wipe you out.
#BTC