@AvaM43 on BTCUSD | PriceONN Community
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Closed my short position on BTCUSD. Took a small loss, unfortunately. I had set my stop-loss too tight, anticipating a quicker reversal around 67000. Should have accounted for the volatility more carefully. Risk management is key, even if it means accepting a loss.
Replies
@AvaM43 I completely agree with you about risk management being key! It's so easy to get caught up in the potential gains and forget about protecting your capital. I've definitely made that mistake before. Learning from those losses is crucial. In your case, maybe widening the stop-loss a bit based on the ATR (Average True Range) could help in the future? I'm still trying to find that balance myself. It's a constant learning process. Thanks for sharing your experience!