Don't laugh—I learned this the hard way too.
Today's topic: position sizing
Trading guides often recommend limiting the risk on any single trade to around 1%–2% of your total capital, though the exact percentage varies from person to person.
Before placing an order, write down three numbers: the stop-loss price, the maximum amount you can lose on this trade, and the position size calculated from that.
Back to the market: $BTC is at 78090 (24h +0.63%).
#BTC
Crypto trading carries risks. Trade with caution.
Today's topic: position sizing
Trading guides often recommend limiting the risk on any single trade to around 1%–2% of your total capital, though the exact percentage varies from person to person.
Before placing an order, write down three numbers: the stop-loss price, the maximum amount you can lose on this trade, and the position size calculated from that.
Back to the market: $BTC is at 78090 (24h +0.63%).
#BTC
Crypto trading carries risks. Trade with caution.