Some words about risk management
How much capital you risk depends on your account size, but as a general rule, don’t risk more than 1-2% of your account on a trade. In other words, don’t lose more than 1-2% of your trading account on a single trade.
Some traders are willing to risk up to 2% of their account. This is typical if the account is smaller and the trader is willing to risk more to make more. Just be careful. There are so many opportunities in this market. If you miss a trade, it is not the end of the world.
When you starring at the screen and hoping, you do something wrong.
How to calculate your position size
In this example, we have an account of 0,1btc.
2% of 0,1btc is 0.0020btc. That is your risk.
We post a LONG trade on XBT/USD:
Stop Loss: 7700
- You fill in Entry Price and Exist Price (Stop Loss)
- You change your Quantity up or down to get a Profit/Loss of the 0,0020btc
- You enter the trade with the right Quantity
- You get profit 🙂
- After the trade you calculate the new risk and start again
Some words about withdraw
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