After adding to a position in several batches, how is the average entry price calculated?
Adding long positions below the average entry price lowers the average, but it also increases your position size, so a drop of the same magnitude results in a bigger loss.
When setting take-profit levels and calculating the breakeven price, include opening and closing fees as well as estimated funding fees.
The coin mentioned in the topic: $BTC is quoted at 82771.95, down 0.06% over 24 hours.
If anything isn’t clear, let me know in the comments.
#BTC
Adding long positions below the average entry price lowers the average, but it also increases your position size, so a drop of the same magnitude results in a bigger loss.
When setting take-profit levels and calculating the breakeven price, include opening and closing fees as well as estimated funding fees.
The coin mentioned in the topic: $BTC is quoted at 82771.95, down 0.06% over 24 hours.
If anything isn’t clear, let me know in the comments.
#BTC