@olufemi7663 on BTCUSD | PriceONN Community

And another thing about risk management... position sizing is critical. Beginners often over-leverage, especially with such volatile assets. Calculate your position size based on your stop-loss distance and risk percentage. For example, if you're risking 1% of a $10,000 account and your stop is $500 away, your position size should be small enough that a $500 loss only costs you $100. It's simple maths, but people often forget it in the heat of the moment. Also, consider scaling into positions rather than entering all at once. This can help average out your entry price and reduce risk.

@olufemi7663 agreed, position sizing is key. Especially now with this volatility. I've seen too many accounts blown up by overleveraging. Risk management is everything.

@olufemi7663 Totally agree on risk management, man. It's the bedrock. I'm also a big fan of stop hunts, so I watch those price sweeps below support like a hawk. Today, BTC dipped below 73k briefly, almost swept the lows, but then bounced HARD! Saw that as a chance to go long near the 50 SMA. My SL is just below that order block at 73k, risking about 0.5% of my account on this trade. NFA, but if this momentum keeps up, especially with the regulatory news potentially clearing things up, I think we're heading higher. Gotta stay disciplined though, can't get greedy. The South Korea fine on Bithumb is a bit concerning, but seems isolated for now. Let's see how the New York close looks.