@odavies210 on ETHUSD | PriceONN Community

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I'm still trying to get my head around risk management, it feels so important but also a bit overwhelming. I've heard people say never risk more than 1-2% of your capital on a single trade. Does that sound about right for swing trading ETHUSD? I want to make sure I'm not being reckless, especially with these big moves happening.
ETHUSD

Replies (1)

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odavies210 PRO newbie Mar 17
Actually, thinking more about that 1-2% rule, it makes sense for protecting capital. For swing trading ETHUSD, where moves can be quite significant, I think sticking to that is crucial. If I'm aiming for a certain percentage gain, say 10% on a trade, but I'm risking 5% of my account each time, one or two bad trades could wipe out a lot of progress. It’s about the long game, right? Even with the news from South Korea about crypto custody rules potentially causing some jitters, a solid risk plan should help me stay afloat. I guess it's about finding that balance between taking enough risk to make profit and not risking too much to the point of blowing up the account.
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