Let's talk about position sizing.
Many trading resources suggest limiting the risk on a single trade to around 1%–2% of your total capital, though the right percentage varies from person to person.
One thing many people overlook: the deeper your losses, the harder it is to break even. After losing 50%, your remaining funds have to double just to get back to where you started.
Holding positions in multiple coins that move in similar ways and in the same direction stacks the risk, so you should also set a cap on your total position size.
Here's a real-time price: $BTC is trading at 84275.48, up 1.36% over 24h.
Many trading resources suggest limiting the risk on a single trade to around 1%–2% of your total capital, though the right percentage varies from person to person.
One thing many people overlook: the deeper your losses, the harder it is to break even. After losing 50%, your remaining funds have to double just to get back to where you started.
Holding positions in multiple coins that move in similar ways and in the same direction stacks the risk, so you should also set a cap on your total position size.
Here's a real-time price: $BTC is trading at 84275.48, up 1.36% over 24h.