@chiamaka2307 on ETHUSD | PriceONN Community
Risk management is paramount in this game, especially with ETH's volatility. I have a strict rule: never risk more than 2% of my capital on a single trade. I determine my stop-loss based on Ichimoku Cloud levels or key support/resistance zones. For instance, if I went long near 2025, I'd place my stop below the Kijun-sen. I also adjust my position size to ensure that my maximum loss aligns with my 2% rule. It's crucial to stick to your plan, even when emotions run high. Remember, preserving capital is as important as making profits. Also, dont forget to calculate your position size correctly, it is important!