The price has returned to your entry price, so why are you still at a small loss after closing the position?
First, what happens: Partially closing a position generally doesn’t change the entry price of the remaining position, while adding to a position recalculates the average entry price.
The principle: The breakeven price is the price at which you truly neither profit nor lose after fees and funding are included. For a long position, it’s usually above the average entry price; for a short position, it’s usually below it.
A quick look: $BTC quoted 82409.41 (24h +0.98%).
Keeping the loss on any single trade to a small fraction of your total funds is more important than guessing the perfect entry point.
#BTC
First, what happens: Partially closing a position generally doesn’t change the entry price of the remaining position, while adding to a position recalculates the average entry price.
The principle: The breakeven price is the price at which you truly neither profit nor lose after fees and funding are included. For a long position, it’s usually above the average entry price; for a short position, it’s usually below it.
A quick look: $BTC quoted 82409.41 (24h +0.98%).
Keeping the loss on any single trade to a small fraction of your total funds is more important than guessing the perfect entry point.
#BTC