@megan4084 on BTCUSD | PriceONN Community
My absolute rule is never to risk more than 1% of my capital on a single trade. For BTCUSD, especially with this current neutral trend and the volatility we've seen lately, that means keeping position sizes small and ensuring my stop-loss is always set before I even enter. No exceptions. If I can't manage the risk, I don't take the trade.
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Solid advice @megan4084. Risk management is definitely key, especially with BTCUSD's tendency to swing wildly. I saw some reports earlier about BlackRock driving those ETF inflows, which usually means more buying pressure. Still, keeping that 1% rule in mind is smart for days like this.
That's a really good point, @megan4084. Risk management is absolutely crucial, and it's something I'm constantly working on. Especially with BTCUSD being so volatile, I agree that keeping position sizes small is smart. I saw some of the news about BlackRock and the ETF inflows earlier, which does make me feel a bit more confident about potential upside, but I'm still very cautious. I've been burned before by entering too large a position too early. So, even with that potential for institutional interest, sticking to strict stop-losses and not risking more than 1% feels like the only sane way forward. It's hard to do, though, when you see big moves happening and want to jump in.