$ARB broke through the 0.17 level.
There are often plenty of stop-loss orders clustered around round numbers, so first, let's understand why key price levels can matter.
Round-number levels get a lot of attention because traders tend to place orders and stop-losses around them. Orders can easily cluster there, which is why they're also called psychological levels.
Calculating your position size based on where you place your stop-loss is much more reliable than choosing it by gut feel.
#ARB
Just sharing some thoughts—we have to take responsibility for our own wins and losses.
There are often plenty of stop-loss orders clustered around round numbers, so first, let's understand why key price levels can matter.
Round-number levels get a lot of attention because traders tend to place orders and stop-losses around them. Orders can easily cluster there, which is why they're also called psychological levels.
Calculating your position size based on where you place your stop-loss is much more reliable than choosing it by gut feel.
#ARB
Just sharing some thoughts—we have to take responsibility for our own wins and losses.
