BTCUSDT - added 25% to my long 75x leveraged position
I entered my position @ 43600. I was expecting more upside end of week on Friday. Yet the market played out completely opposite.
I usually trade with no more than 5% of my account and out of the 5% the first position is not more than 15% of that which brings the overall exposure on trade nr.1 at 0.75%.
So overall now i am down 1.5%.
I added 25% to my long @ 42600.
Currently I am -32% on my leveraged position.
I finally decided to limit my exposure with a stop @ 41600, limiting my losses to 60%-70% of my 5% allocation.
I usually trade with no more than 5% of my account and out of the 5% the first position is not more than 15% of that which brings the overall exposure on trade nr.1 at 0.75%.
So overall now i am down 1.5%.
I added 25% to my long @ 42600.
Currently I am -32% on my leveraged position.
I finally decided to limit my exposure with a stop @ 41600, limiting my losses to 60%-70% of my 5% allocation.
Trade closed: stop reached
OK...SL kicked in at 41600. Took some calculated damage. I am not confident going short at these levels. So I will be looking at the overall picture, regrouping and searching for a better entry point. Will update soon..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.