@samantha1732 on ETHUSD | PriceONN Community

Okay, so I'm thinking of opening a position here, but I'm still trying to figure out the best way to manage my risk. With ETHUSD around 2138, I'm considering a small position size, maybe just 0.5% of my account. I know it's tiny, but better safe than sorry, right? I'm thinking of setting my stop loss pretty tight, maybe just below the 20 SMA around 2105. That way, I can limit my losses if things go south. And if it goes up, I'll move my stop loss to breakeven. Does this sound like a reasonable approach? I'm still trying to get the hang of position sizing.