@abutt173 on BTCUSD | PriceONN Community
Trading isn't about being right every time; it's about managing risk and maximizing gains over the long run. Even the best strategies have drawdowns. Keep your head, stick to the plan, and remember why you started. Good night, all. Let's see what 2morrow brings for BTC.
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One more thing, since I can't sleep lol. Don't forget about correlation. If you're holding other crypto assets, BTC movements will likely affect them too. Diversification is great, but make sure your portfolio isn't all moving in the same direction. A broad market correction can still hurt even if you're in different coins. Okay NOW I'm going to bed. Good luck everyone.
And that means understanding position sizing properly. I see so many new traders over-leveraging and then wondering why they get wiped out on a small move. Calculate your risk tolerance based on your total portfolio, not just the trade itself. If you're risking more than 1-2% per trade, you're probably overdoing it. Especially with BTC volatility, you need to have room to breathe. I've seen too many liquidations at 5x leverage. Just food for thought before i hit the pillow.