November 25, 2024

Risk management : stay alive to stay in the game

GainQuest signals have historically shown a maximum realised loss of around ~5% per coin over the past 6 months.

Important nuance:
That figure is based on closed trades only.

While a trade is still open, price can temporarily move further against the entry before recovering — meaning the unrealised drawdown can be higher.
In some market regimes, intratrade dips of ~8–10% are possible.

So what matters in live trading is not only the final outcome, but also how much “breathing room” trades typically need before they work out.

Your stop-loss placement and position sizing must account for that, otherwise you risk getting stopped out of trades that would have recovered.

Portfolio Drawdown ≠ Signal Drawdown

Does a 5% max loss per coin mean your portfolio can only drop 5%?

No.

Portfolio drawdown depends on:

  • how much you risk per trade
  • how many positions you run simultaneously
  • execution factors (slippage, volatility)

Our example

💼 Wallet: $1,000
🎯 Risk per trade: 1% of wallet = $10
🔻 Stop-loss distance: 1–3%
⚙️ Leverage: up to 20× (used for margin efficiency, not extra risk)

If you run 10 positions at once, and every stop is hit:

📉 Maximum planned loss = 10 × $10 = $100
~10% portfolio drawdown (worst-case scenario)

(Actual losses may vary slightly due to fees or slippage.)


📊 Position sizing that scales with your stop

If you want every trade to risk a fixed $10, your position size automatically scales with the stop distance :

1% stop-loss

Position size = $10 / 0.01 = $1,000
Loss if stopped = $10

2% stop-loss

Position size = $10 / 0.02 = $500
Loss if stopped = $10

3% stop-loss

Position size = $10 / 0.03 ≈ $333
Loss if stopped ≈ $10

✅ Wider stop → smaller position
✅ Tighter stop → larger position
✅ Risk stays constant

Leverage and Margin Efficiency

Many traders assume leverage increases risk automatically — but that’s only true if position sizing is not controlled.

In professional risk management, leverage is mainly used for margin efficiency, not for taking bigger bets.

Key distinction:

  • Position size determines your profit/loss
  • Leverage only determines how much capital is locked as margin

Example: Same Trade, Same Risk — With or Without Leverage

A $1,000 position with a 1% stop-loss always risks:

  • Loss if stopped = 1% of $1,000 = $10

That loss is the same whether you use leverage or not.


Without leverage (1×)

To open a $1,000 position, you need:

  • Margin required = $1,000

Your capital is fully tied up in one trade.


With 20× leverage

To open the exact same $1,000 position:

  • Margin required = $1,000 / 20 = $50

✅ The trade behaves the same
✅ The stop-loss loss is still $10
✅ Only the margin requirement changes

Leverage allows you to keep more of your wallet free, diversify, and avoid overcommitting capital.


Important Warning

Leverage becomes dangerous when traders:

  • increase position size just because margin is available
  • place stops too wide for the leverage used
  • ignore liquidation levels

Even if your planned stop-loss is far away, liquidation can happen earlier if leverage is too high.

Leverage is a tool, not an edge.


⚠️ Drawdown control

So if you choose to have 1 % risk per trade and 5 simultaneous trades, your portfolio drawdown is capped at:

Max simultaneous trades: 5
5 × $10 = $50
5% portfolio drawdown cap

Even if a coin requires a much wider stop (example 10% stop-loss), your risk rule still keeps things controlled:

  • Risk per trade = $10
  • Stop distance = 10%
  • Position notional = $10 / 0.10 = $100 per trade

With 20x leverage, margin per trade:

  • Margin = $100 / 20 = $5

Total margin for 5 trades:

5 × $5 = $25 total margin — a very conservative buffer.

✅ These limits keep your exposure capped even if multiple trades hit their stops consecutively.


🔒 Survival > Ego

The goal isn’t to win every trade —
it’s to stay in the game long enough for your edge to play out.


Consistency compounds. Patience pays.