A reminder for beginners: $VANRY is down 37.1% in 24 hours, with a current price of 0.00074.
Many people lose money not because they get the direction wrong, but because of their position sizing: their positions are too small when they’re right and too large when they’re wrong. The solution is simple—use a fixed percentage of your total capital for each position, so that no single win or loss has a major impact.
What percentage of your capital do you usually allocate to a single trade? #VANRY
For discussion purposes only; this is not investment advice.
Many people lose money not because they get the direction wrong, but because of their position sizing: their positions are too small when they’re right and too large when they’re wrong. The solution is simple—use a fixed percentage of your total capital for each position, so that no single win or loss has a major impact.
What percentage of your capital do you usually allocate to a single trade? #VANRY
For discussion purposes only; this is not investment advice.