Before focusing on the money, get the rules straight. This time, let's talk about position sizing.
The risk per trade is the amount you lose when a trade hits its stop-loss. It's roughly equal to the position's notional value multiplied by the percentage difference between the entry price and the stop-loss price.
After consecutive stop-losses, reduce your position size or take a break. Don't increase your position size in an attempt to win it all back in one go.
Back to the market: $BTC is quoted at 72485.24, down 1.9% over 24 hours.
The risk per trade is the amount you lose when a trade hits its stop-loss. It's roughly equal to the position's notional value multiplied by the percentage difference between the entry price and the stop-loss price.
After consecutive stop-losses, reduce your position size or take a break. Don't increase your position size in an attempt to win it all back in one go.
Back to the market: $BTC is quoted at 72485.24, down 1.9% over 24 hours.