How to manage risks ( Risk Management ) with example...
For example, BTC dumped from $27400 to $27100 below where we took entry yesterday...
but our trade went wrong... Now We can see that btc going down from $27000 below the downside
We opened btc trade 0.1 btc long...
Now we are in some loss.... we closed that whole trade and holding only 0.01btc long
Now
btc dumped $26900 we opened 0.01btc more
btc dumped $26800 we opened 0.01btc more
btc dumped $26700 we opened 0.01btc more
btc dumped $26600-26500 we opened 0.06btc...
Now we are holding 0.1 btc and the average price also $26800 around and now BTC pumped above $26800 and we are in profit + we are holding the same 0.1 btc long
I hope you understand how risk management works