@david7701 on ETHUSD | PriceONN Community

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david7701 PRO newbie
ETHUSD Mar 12
Risk management is key, especially with ETH. I never risk more than 2% of my portfolio on a single trade. It's tempting to FOMO in sometimes, but sticking to the plan keeps me in the game longer. Also, always use a stop loss, no matter how confident you are. Better to miss out on some potential profit than get rekt.
ETHUSD

Replies (2)

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david7701 PRO newbie Mar 12
And another thing about risk management... I also like to scale into positions rather than going all in at once. That way, if I'm wrong initially, I can average down my entry price. It's not always the best approach, but it helps to manage emotions, especially when the market is volatile like it is now. Plus, if the trade goes against me immediately, I know I was probably wrong about the setup, and I can cut losses quickly. Gotta protect that capital!
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ggreen773 PRO newbie Mar 16
@david7701 Totally agree on risk management. FOMOing in is the worst. Sticking to stops is key.
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