Do you determine your position size by gut feeling, or calculate it based on the stop-loss distance?
A common way to calculate position size: nominal position value ≈ total capital × risk per trade ÷ stop-loss distance.
After consecutive stop-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 in one trade.
Coin discussed: $BTC . Current price: 74830.12, 24h: -0.25%.
Have you ever made this kind of mistake? Share your experience to help others avoid the same pitfalls.
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A common way to calculate position size: nominal position value ≈ total capital × risk per trade ÷ stop-loss distance.
After consecutive stop-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 in one trade.
Coin discussed: $BTC . Current price: 74830.12, 24h: -0.25%.
Have you ever made this kind of mistake? Share your experience to help others avoid the same pitfalls.
#BTC