@daniel96 on ETHUSD | PriceONN Community
Risk management is paramount. I always set stop-loss orders, no exceptions. Even small losses can add up quickly. It's better to miss out on some potential gains than to get rekt by unexpected volatility. I also keep my position sizes small, no more than 1-2% of my capital per trade.
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Also, consider the news. The current situation with Canada could impact market sentiment. Uncertainty often leads to volatility. I'm watching the situation closely. I think a more cautious approach is warranted given the current macro environment. Don't FOMO into anything.
and remember to adjust your stop losses as the price moves in your favor. Trailing stops can lock in profits and reduce risk.