🔢 Today's takeaway: Position management
Single-trade risk is the amount you lose when a trade hits its stop-loss. It is approximately equal to the position's notional value multiplied by the percentage difference between the entry price and the stop-loss price.
Once you've set a stop-loss, stick to it—don't move it when the price reaches it.
Today's market: $BTC is at 77122.01, down 0.96% over 24h.
#BTC
Single-trade risk is the amount you lose when a trade hits its stop-loss. It is approximately equal to the position's notional value multiplied by the percentage difference between the entry price and the stop-loss price.
Once you've set a stop-loss, stick to it—don't move it when the price reaches it.
Today's market: $BTC is at 77122.01, down 0.96% over 24h.
#BTC
