With the same stop-loss level, how can some people lose only 1% while others lose 30%?
For example: with an account balance of 10,000 USDT, a maximum loss of 1% per trade (100 USDT), and a stop-loss distance of 2%, the notional position size would be about 5,000 USDT.
Key point: holding several contracts with similar price movements in the same direction stacks the risk, so you also need to set a limit on your total position size.
The coin in the example: $BTC is trading at 77376.02, down 0.53% over 24h.
When the market is highly volatile, avoid adding to your position. Wait for prices to stabilize before deciding what to do.
For example: with an account balance of 10,000 USDT, a maximum loss of 1% per trade (100 USDT), and a stop-loss distance of 2%, the notional position size would be about 5,000 USDT.
Key point: holding several contracts with similar price movements in the same direction stacks the risk, so you also need to set a limit on your total position size.
The coin in the example: $BTC is trading at 77376.02, down 0.53% over 24h.
When the market is highly volatile, avoid adding to your position. Wait for prices to stabilize before deciding what to do.