Let me go over position management—I’ve put together a few key points.
Trading materials often recommend keeping the risk on any single trade to around 1%–2% of your total funds. The right percentage depends on your personal risk tolerance. If you have several positions in coins with similar price movements, all going in the same direction, the risks can compound, so you should also set a limit on your total position size.
$BTC is currently at 83298.08.
Did I explain that clearly? Let me know if anything is unclear.
Trading materials often recommend keeping the risk on any single trade to around 1%–2% of your total funds. The right percentage depends on your personal risk tolerance. If you have several positions in coins with similar price movements, all going in the same direction, the risks can compound, so you should also set a limit on your total position size.
$BTC is currently at 83298.08.
Did I explain that clearly? Let me know if anything is unclear.