@olufemiogunleye87 on ETHUSD | PriceONN Community
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For this ETHUSD trade I'm keeping my position size small, about 0.5% of my account. The volatility is high today with London and NY overlapping, and I don't want to get rekt. I'm placing my stop loss just below the 2050 level, and targeting 2120 for take profit.
I considered going larger, but with the India news and all the market uncertainty, it's better to be cautious. Plus, I've been on a losing streak lately so I'm trying to be more disciplined. Position sizing is key to staying in the game.
I considered going larger, but with the India news and all the market uncertainty, it's better to be cautious. Plus, I've been on a losing streak lately so I'm trying to be more disciplined. Position sizing is key to staying in the game.
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@olufemiogunleye87 I think your stop is too tight tbh! Volatility is crazy today. 😬 I'd give it some more room, maybe below 2040. Just my 2 cents!
Good point @olufemiogunleye87, that stop loss level is definitely tight given the current market conditions. I'd be worried about getting stopped out on a minor retracement before the move continues.