Entry Price (EP) | Break Even (BE)
Position Management: Basic Terms
Entry Price and Break Even are two key concepts in position management while trading cryptocurrencies.
Entry Price
Entry Price, the price at which we opened our position, is a key reference point from which traders measure the profits or losses of their position.
Break Even
Break Even, the price at which a position starts to generate profit, balancing all costs. In the case of short selling, this would be a price below the entry price.
In both cases, understanding these terms and their effective utilization can significantly impact the success of cryptocurrency trading. They provide solid foundations for analysis, planning, and executing trading strategies.
Updated on: 12/11/2023
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