Let’s talk about position sizing.
Many trading resources recommend limiting the risk on any single trade to around 1%–2% of your total capital, though the right percentage varies from person to person.
To be honest, I hadn’t paid attention to this next point before: before opening a position, decide on three figures—the stop-loss price, how much you can afford to lose on the trade, and the position size implied by those two numbers.
On a related note: $BTC is trading at 81020.83, down 2.81% over 24 hours.
Leave more room for fluctuations when trading futures, so one sudden price swing doesn’t knock you out of your position.
Many trading resources recommend limiting the risk on any single trade to around 1%–2% of your total capital, though the right percentage varies from person to person.
To be honest, I hadn’t paid attention to this next point before: before opening a position, decide on three figures—the stop-loss price, how much you can afford to lose on the trade, and the position size implied by those two numbers.
On a related note: $BTC is trading at 81020.83, down 2.81% over 24 hours.
Leave more room for fluctuations when trading futures, so one sudden price swing doesn’t knock you out of your position.