$crypto
If you dont use stoploss, you cant calc. Risk/Reward ratio which means there is no Risk Management.
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Using your position size as stoploss makes you miss out on potential bigger profit.
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Double your position size but set stoploss at 50% ... puts you in the same risk but reward is 2x.
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In general ... its the trade that dictates your position not the other way around.
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BTW ... stoploss doesnt only mean taking a loss. Its often also used to protect you "unrealized" profit.
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This is not a call just example. My R/R is 4x so its worth to take the trade. I can adjust my entry size accordingly. If i get stopped out i know my TA was wrong yet risk is at minimum.pic.twitter.com/Wko6uiSYOf
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Replying to @CryptOrca
Setting up 4x R/R with a stop loss and limit sell works great for bitcoin. But what about lower volume altcoins with thin order books?
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Replying to @CryptOrca
Lower stop loss, higher target on a longer time frame. Didn’t think of that, good on ya
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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