The price clearly returned to your entry price, so why did you still take a small loss after closing the position?
Adding to a long position below your average entry price lowers your average entry, but also increases your position size, so the same-sized drop results in a larger loss.
Here’s the key point: when setting take-profit levels and calculating your breakeven price, factor in opening and closing fees as well as any funding fees already paid.
A real-time reference: $BTC is quoted at 80174.5, down 0.69% over 24 hours.
Beginners are best off starting with low leverage and small positions.
Adding to a long position below your average entry price lowers your average entry, but also increases your position size, so the same-sized drop results in a larger loss.
Here’s the key point: when setting take-profit levels and calculating your breakeven price, factor in opening and closing fees as well as any funding fees already paid.
A real-time reference: $BTC is quoted at 80174.5, down 0.69% over 24 hours.
Beginners are best off starting with low leverage and small positions.
