The services we offer include a peer-to-peer trading platform that offers trading of cryptographic tokens and currencies (“Cryptocurrency“ or “Cryptocurrencies”) and leveraged derivative contracts that have Cryptocurrencies as the underlying basis for the transaction (“Cryptocurrency Derivative” or “Cryptocurrency Derivatives” or “Derivative Contract” or “Derivative Contracts”).
A trader should place a stop-loss at a logical level, where the trader would know that his trade thesis did not play out and he was wrong about the market’s direction. Stop-loss setting can be informed by key support levels too. Simultaneously, the stop-loss level should not be set so tight that it gets triggered due to normal market fluctuations.
Stop-loss levels also impact position sizing decisions. Let’s say a trader with a $100,000 trading capital (i.e. $1 million max position size at 10x leverage) doesn’t want to lose more than 1% (i.e. $1000) of this portfolio in a single trade. This means that for trades where potential loss can be high, the position size needs to be small. So, if the stop-loss level is 5% away from entry-level, the max trade size can be $20,000. Conversely, for trades where the potential loss is small, position size can be increased. So, if the stop-loss level is 2%, the max position size can be $50,000.
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If You have any queries regarding this policy, please contact us at [email protected].