Here’s a little walkthrough on how to take 99% of my trades so that you have a defined risk and know how to properly execute them
Trade Example:
LONG $BTC
Entry: $50,000
Stop Loss: $45,000
For most of the trades I post here, I will notify everyone when and if I do take profit but we will always encourage anyone to take profit when they feel comfortable.
On Binance, Bybit, and Hyperliquid you can calculate your size for trades by entering the entry I have listed in the entry price section, and the stop loss at the exit price, this way you can calculate the amount that would be lost if the trade gets stopped out.
I attached an image in my set example. We have our entry at $50,000, exit (Stop Loss) at $45,000 and in this case we are losing $1,000 in this trade. Everyone should define their own risk by the amount they are willing to lose. A good figure to go by is 1-2% of your account size.
I’m also going to attach an easy calculator that you can use to calculate your sizing based on whatever coin.
https://www.binance.com/en/futures/btcusdt/calculator
Feel free to PM me anytime if you have extra questions @Temper