Let's talk about the average entry price.
Partial closes usually don't change the average entry price of the remaining position; adding to your position does.
Honestly, here's something I hadn't paid attention to before: before adding to your position, calculate the total position size and its liquidation price afterward. Don't just focus on how much better the average price looks.
Coin in the example: $BTC , current price 74979.05 (24h -1.24%).
Don't rush to double down to make back your losses. That often just leads to even bigger losses.
#BTC
Partial closes usually don't change the average entry price of the remaining position; adding to your position does.
Honestly, here's something I hadn't paid attention to before: before adding to your position, calculate the total position size and its liquidation price afterward. Don't just focus on how much better the average price looks.
Coin in the example: $BTC , current price 74979.05 (24h -1.24%).
Don't rush to double down to make back your losses. That often just leads to even bigger losses.
#BTC