I like averaging -20%. And how many averagings/positions do you allow personally?
Kostanya
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Part 2 How I gradually and almost stress-free get out of large losses
Of course, during corrections, I see my balance decreasing before my eyes, but I fall asleep peacefully and often see a pleasant increase in the morning. Because there is a strategy
Let's move on. I take signals here in the feed, look at the chart, and enter a trade if I agree with the author. Many do not welcome a large number of open positions at once. I normally hold 10-15 positions like the one in the screenshot. It must have a zero liquidation; for not very volatile coins, I calmly hold $700-1000, for volatile ones - up to $250. I average down positions when they are down by 20%. Not everything goes down, and it saves the deposit when giants fall. There are also take profits triggered. At night too)
I ALWAYS set a take profit between the first and second of the author’s signals (signals are available every day), and I always set a limit order to secure profits below the author’s tp1, as shown in the screenshot. Because often the price doesn’t reach tp1 by a couple of cents - it’s disappointing
In case of a market correction: If profit is accumulating, it’s a good idea to set a stop at the entry amount + a couple of percent to cover the commission, and add a limit order to buy the same coin at a slightly lower price if you see a future in it.
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