@JackThomas55 on ETHUSD | PriceONN Community
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It's crucial to manage risk properly, especially in volatile markets like ETHUSD. I always set a stop loss for every trade, no matter how confident I am in the direction. For me, risking more than 1-2% of my capital on a single trade is just asking for trouble. What are your risk management rules?
Replies
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Jack, I hear you on risk management, definitely important. For this trade though, I'm actually using a fixed percentage of my account, not a fixed lot size. I figure if it dips a bit, the position size will automatically be smaller, giving me more room to breathe if it goes sideways. Still trying to find what works best.
Hey @JackThomas55, great point on risk. I tend to use a fixed stop loss in terms of price levels, but I adjust my position size based on volatility. If things are choppy, I'll decrease my size to maintain a consistent percentage risk.