Let's talk about position sizing.
The position size calculated based on your stop-loss level has no direct relationship to leverage. Leverage only determines how much margin is used, assuming the liquidation price is beyond your stop-loss price.
One thing worth thinking about: keep the risk on each trade small enough that even after several consecutive losses, you still have enough funds in your account and won't take a serious hit from one or two mistakes.
Before placing an order, think through these three figures: the stop-loss level, how much you can afford to lose on a single trade, and the position size calculated from those figures.
The corresponding coin: $BTC , current price 64800 (24h -3.41%).
#BTC
You take the risk yourself; just chatting.
The position size calculated based on your stop-loss level has no direct relationship to leverage. Leverage only determines how much margin is used, assuming the liquidation price is beyond your stop-loss price.
One thing worth thinking about: keep the risk on each trade small enough that even after several consecutive losses, you still have enough funds in your account and won't take a serious hit from one or two mistakes.
Before placing an order, think through these three figures: the stop-loss level, how much you can afford to lose on a single trade, and the position size calculated from those figures.
The corresponding coin: $BTC , current price 64800 (24h -3.41%).
#BTC
You take the risk yourself; just chatting.
