Let’s talk about position sizing.
Many trading resources recommend limiting the risk on any single trade to around 1%–2% of your total funds, though the right percentage varies from person to person.
To be honest, I only learned this next lesson later: after consecutive losses, reduce your position size or take a break. Don’t increase your position size hoping to win it all back at once.
Related coin: $BTC , quoted at 81710 (24h: -0.71%).
Cross-check information from multiple sources before acting; don’t rely on just one person’s take.
Many trading resources recommend limiting the risk on any single trade to around 1%–2% of your total funds, though the right percentage varies from person to person.
To be honest, I only learned this next lesson later: after consecutive losses, reduce your position size or take a break. Don’t increase your position size hoping to win it all back at once.
Related coin: $BTC , quoted at 81710 (24h: -0.71%).
Cross-check information from multiple sources before acting; don’t rely on just one person’s take.