@aanderson812 on BTCUSD | PriceONN Community

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A
Risk management is everything in this game. My rule number one: never risk more than 1% of capital on a single trade. If a trade goes south, it's a tiny dent. If it goes north, it builds nicely over time. This approach has saved me from blowing up my account more times than I can count, especially with how volatile BTCUSD can get.
BTCUSD

Replies (1)

A
aanderson812 PRO newbie Mar 22
And that 1% rule also means you can afford to let winning trades run longer without getting scared of giving back profits too quickly. It gives you that mental space to actually see your strategy play out, rather than constantly second-guessing every tick.
EURUSD 1.16206 -0.09%
GBPUSD 1.34346 -0.21%
USDJPY 159.87200 +0.00%
XAUUSD 4,464.91 -0.51%
XAGUSD 73.32 -2.36%
BTCUSD 63,099 -6.64%
SP500 6,572.87 +0.74%
BRENT 99.25 +0.37%
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