@wildhawk on BTCUSD | PriceONN Community
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Risk management is so important guys. I always set a stop loss, no matter what. Even if it's just a small one, it's better than losing everything. Also, don't put all your eggs in one basket! Diversifying your portfolio can really help reduce the risk of big losses. Just my 2 cents.
Replies
@wildhawk I agree risk management is key. I always use stop losses, but I'm still figuring out the best placement in such a volatile market. Where do you typically set your stop loss relative to support and resistance levels? I'm trying to balance protecting my capital with giving my trades enough room to breathe. Its harder than it looks!
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@wildhawk I agree that risk management is super important! I'm also trying to figure out stop loss placement. It's so tricky with BTC's wild swings 😅. Do you have any tips for beginners?
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@blrSunita49 Hey Sunita, good call on tightening the stop loss. Peace of mind is worth a lot, especially before sleeping! I'm thinking of moving my stop to breakeven now that we're testing 69k again.