$CREAM This price action today, honestly, has me a little baffled. According to Binance's live data, the 24-hour trading volume is 276K USDT, up a whopping +65.35%, with the current price at $2.1. But don't rush inโlow-volume altcoins can surge hard, but they can also crash just as fast. I chased a similar setup last year and didn't cut my losses until I was down 30%. That was a painful lesson.
Here's some practical position-sizing advice. The optimal position size calculated using the Kelly criterion is theoretical; in live trading, I use at most half of that to leave a safety buffer. With fixed-percentage sizing, I cap any single coin at 3% of my total capitalโand for altcoins, I'm even stricter, allocating just 1%. I only add to a position using the pyramid strategy when it's in profit; I never average down on a losing trade. That rule has saved me many times. $VIB fell 63%, $BETA fell 64%, and $PYR fell 57%โlet these be cautionary examples. Don't gamble real money on a rebound.
With volatility like this in $CREAM , I'd rather test the waters with a small position and take profits when the opportunity comes. If you're thinking of trading, click $CREAM or $WTC to go straight to the Binance trading page and check the order book. The above is just my personal opinion and does not constitute investment advice.
Here's some practical position-sizing advice. The optimal position size calculated using the Kelly criterion is theoretical; in live trading, I use at most half of that to leave a safety buffer. With fixed-percentage sizing, I cap any single coin at 3% of my total capitalโand for altcoins, I'm even stricter, allocating just 1%. I only add to a position using the pyramid strategy when it's in profit; I never average down on a losing trade. That rule has saved me many times. $VIB fell 63%, $BETA fell 64%, and $PYR fell 57%โlet these be cautionary examples. Don't gamble real money on a rebound.
With volatility like this in $CREAM , I'd rather test the waters with a small position and take profits when the opportunity comes. If you're thinking of trading, click $CREAM or $WTC to go straight to the Binance trading page and check the order book. The above is just my personal opinion and does not constitute investment advice.