Quote from: lalabotax on June 08, 2022, 09:44:36 PM

Quote from: thecryptogandalf on June 07, 2022, 12:20:05 PM

Where to put a stop loss?

In my opinion, Setting a Stop Loss is one of the important elements moreover done by daily traders. This is done to avoid more losses and move to another trading pair again to gain more profits. So, the recent profits can cover the loss that we have in advance. But, if this is for long-term investment, especially for top coins like Bitcoin, we may not need to set a stop loss because we are not in immediate trades.

I agree with this one, definitely you have a point there. Overall long-term investing or any frequency of trading regardless of having stop loss, risk management matters I think. How you diversify your investment, what chart you are monitoring, fundamentals and technical analysis, your size, capital and money management are all related to risk management.

Quote from: lalabotax on June 08, 2022, 09:44:36 PM

Quote from: thecryptogandalf on June 07, 2022, 12:20:05 PM

How to calculate the correct position size:

Will this really work on every trading strategy?

When I see the trading leverage use, well, this may be interesting more, because we can gain much more profits on it, but also high risks to face. That is why more calculations, strategies, and smart decisions to take the position will be very crucial to combine.

“When you combine ignorance and leverage, you get some pretty interesting results.” - Warren Buffett
To avoid the "interesting" result when trading with leverage;
-Always use stop loss
-Use take profit, don't be greedy
-Spot and stop overtrading
-Start Small and grow

This is how I try to minimize my high risk and capitalize on gains when using leverage.