Question on position sizing for altcoins with varying liquidity
I'm trying to refine my risk management, specifically with position sizing for altcoins. With $BTC or $ETH, it feels more straightforward due to deeper liquidity, but for some of the lower cap alts, the spreads can be significant, and large orders can really move the price against you. Are most of you just applying a flat percentage of capital risked per trade across the board, or do you have a more dynamic approach that adjusts for liquidity differences or average daily volume? I'm curious how others handle this practical aspect without sacrificing too much potential upside, but also not getting completely whacked on slippage.
That's a really good point. I've personally found that a flat percentage of capital risked doesn't quite cut it for those illiquid alts. The slippage alone can eat into your stop-loss significantly.