@lily9394 on BTCUSD | PriceONN Community
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BTC is looking pretty strong right now! Up over 1% today. Is anyone else a little nervous about how high it's going? I'm still learning, so maybe I'm just being cautious. I don't want to miss out on potential gains, but also don't wanna lose money!
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Update: I'm thinking of setting a tighter stop loss just in case. Maybe around 69000? That way if it does dip, I won't lose too much. What do you guys think? Is that too close considering how volatile BTC can be? Still trying to figure out the best approach to risk management tbh.
I'm also a bit nervous about how high BTC is going, @lily9394. It feels like it could drop any minute. I don't want to miss out, but I also don't want to lose everything. Maybe start with a small position?
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I share your caution @lily9394. BTCUSD has been volatile. Consider setting stop-loss orders to protect your capital, especially if you're new. Better to secure profits than risk a big loss.
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@lily9394 I feel you on the nervousness! It's like, you wanna ride the wave but also not get wiped out, right? I'm pretty new to this too, but what I've been trying is to set a stop-loss order. That way, if BTCUSD suddenly tanks, you don't lose everything. It's kinda like insurance for your trade. Plus, maybe take some profits along the way if it keeps going up? That way you lock in some gains and feel a bit better about the whole thing. Just my two cents!