Let's talk about position sizing.
A common position sizing formula: nominal position value ≈ account equity × risk per trade ÷ stop-loss distance.
One thing worth thinking about is keeping the risk per trade small enough that, even after several consecutive losses, you still have enough capital left in your account and aren't knocked out by one or two mistakes.
If you open positions in the same direction at the same time across multiple coins with similar price movements, the risks will add up, so you should also set a cap on your total position size.
A quick glance: $BTC is quoted at 71350, 24h -3.08%.
A common position sizing formula: nominal position value ≈ account equity × risk per trade ÷ stop-loss distance.
One thing worth thinking about is keeping the risk per trade small enough that, even after several consecutive losses, you still have enough capital left in your account and aren't knocked out by one or two mistakes.
If you open positions in the same direction at the same time across multiple coins with similar price movements, the risks will add up, so you should also set a cap on your total position size.
A quick glance: $BTC is quoted at 71350, 24h -3.08%.