My bookmarks are full of useful insights, and my positions are full of expensive lessons.
This lesson’s topic: position management
Position size calculated backward from the stop-loss distance has no direct relationship to leverage. Leverage only affects how much margin is tied up, provided the liquidation price is beyond the stop-loss price.
After a string of losses, you can reduce your position size or take a break. Don’t increase your position size in an attempt to win it all back at once.
Current price: $BTC is at 77320.01 (24h -0.97%).
#BTC
Crypto assets can rise and fall quickly, so don’t make your positions too large.
This lesson’s topic: position management
Position size calculated backward from the stop-loss distance has no direct relationship to leverage. Leverage only affects how much margin is tied up, provided the liquidation price is beyond the stop-loss price.
After a string of losses, you can reduce your position size or take a break. Don’t increase your position size in an attempt to win it all back at once.
Current price: $BTC is at 77320.01 (24h -0.97%).
#BTC
Crypto assets can rise and fall quickly, so don’t make your positions too large.
