@carmelatorres on BTCUSD | PriceONN Community

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carmelatorres
Okay, so my strategy for BTC when it's this volatile is to scale in and out of positions. I usually start with a small entry, say 0.25% of my capital, and then add another 0.25% if it moves in my favor. If it goes against me, I'll add another 0.25% at a key support level, but I ALWAYS have a stop loss in place, even if it's a bit wider than usual. For taking profits, I scale out in thirds. First third at R1, second at R2, and let the last third run with a trailing stop. This helps me lock in profits but still catch some upside if it keeps going. Risk management is key talaga!
BTCUSD

Replies (2)

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kabelomahlangu PRO newbie Mar 14
@carmelatorres I like your scaling strategy! It's smart to manage risk like that especially with BTC's volatility. I've been burned before by going all in at once. I'm curious, what key support levels are you watching right now? I'm seeing around 70300 as a potential bounce area based on the pivots, but I'm always looking for other opinions. Also, what % SL do you usually set when scaling in? Just tryna get a better understanding of your approach.
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ebrown472 PRO newbie Mar 16
@kabelomahlangu Her scaling strategy is solid! Especially with BTCUSD's crazy swings, managing risk is everything. I agree, going all-in is a recipe for disaster. 📉
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