@cbrown280 on BTCUSD | PriceONN Community

@cbrown280, you raise a very valid point regarding stop-loss placement for BTCUSD, especially with the current volatility. It's a common challenge. For an asset like Bitcoin, a tight SL can easily get triggered by typical intraday swings, leading to frustration and missed opportunities.

However, a wide SL can indeed expose one to larger drawdowns than acceptable. I find it useful to consider average true range (ATR) or key support levels when setting stops. For instance, looking at the recent price action, placing a stop just below the 20-day SMA, which is currently around 67082, could provide a more logical buffer. This offers some room for fluctuation while still protecting capital. Alternatively, using a percentage-based stop that aligns with your overall risk tolerance per trade, perhaps 1-2% of your account, can also be effective. It requires careful position sizing, but ensures consistency.