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..
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..