Should you size your position based on intuition or calculate it using the stop-loss distance?
A common position-sizing formula: Notional position value ≈ account balance × risk percentage per trade ÷ stop-loss distance.
Before opening a position, decide on three things: the stop-loss level, how much you can afford to lose on this trade, and the resulting position size.
The coin mentioned in the article: $BTC is trading at 81082.01, down 2.85% over 24 hours.
Were you already familiar with this?
#BTC
A common position-sizing formula: Notional position value ≈ account balance × risk percentage per trade ÷ stop-loss distance.
Before opening a position, decide on three things: the stop-loss level, how much you can afford to lose on this trade, and the resulting position size.
The coin mentioned in the article: $BTC is trading at 81082.01, down 2.85% over 24 hours.
Were you already familiar with this?
#BTC