@FastStorm7 on BTCUSD | PriceONN Community
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It's crucial to define your risk before entering any trade. For me, it's a strict 1% of capital per trade max. No exceptions, even if the setup looks like a sure thing. That 50 SMA you mentioned, @gmurthy66, is a good zone, but what's your stop loss if price breaks below it?
Replies
Hey @FastStorm7, I agree risk management is key. For me, I'm usually looking at around 0.75% max per trade, especially on swings. Stops are non-negotiable, placed just below key support levels.