How many DOGE should you hold through an event night? Position sizing on BYDFi from the midterm low

• 24h low 0.07228, 24h high 0.07831
• Last 0.07735, fair price 0.07735, index 0.07735
• 24h change +0.00186 (+2.46%), so the reference open was about 0.07549
• Funding 0.01% per 8 hours

The range from low to high was 8.34% measured from the low. Crypto sold off overnight as US midterm results came in, then recovered on Wednesday morning, and DOGE followed the same V.

Step 1: put the stop where the idea is wrong

If your reason for being long DOGE is "the overnight low held", the idea is wrong when that low breaks. So the stop goes just below it, say 0.07200, not at a round number you picked because it felt comfortable.

From a 0.07735 entry, that stop is 0.00535 away, or 6.92%.

Step 2: decide the dollar risk

Take a 1,000 USDT account risking 1% per trade: 10 USDT.

Step 3: size from risk and distance

Position size = risk / stop distance per coin 10 / 0.00535 = 1,869 DOGE, about 144.6 USDT of notional.

That is it. The size falls out of the stop, not the other way round.

Step 4: pick leverage last

Leverage only decides how much margin you lock up for that 144.6 USDT position. At 2x you post about 72 USDT. At 5x about 29 USDT. The risk to your account is still 10 USDT if the stop fills near 0.07200, because the size did not change. What leverage changes is where the liquidation line sits. Keep it far enough away that the stop, not liquidation, closes you. At 5x the rough line is about 20% below entry, far past the stop.

Before and after: the comfortable stop

Before: a trader uses a tighter stop at 0.07500 because it looks neat. That is 0.00235 away (3.04%). With the same 10 USDT risk, the size becomes 10 / 0.00235 = 4,255 DOGE, about 329.1 USDT notional, more than double.

After: on a night like this one, 0.07500 sits above the 0.07228 low. The tight stop would have been hit, the bigger position would have lost the full 10 USDT plus slippage, and the trader would have been flat for the rebound to 0.07831.

The tighter stop did not lower the risk. It raised the size and moved the stop inside the noise.

Why fair price and slippage still matter

BYDFi uses its fair price for liquidation, and a triggered stop is sent as a market order, so in a fast candle your fill can land past the trigger. On thin overnight books the gap can be wider. Budget a little extra for that, which is another reason not to size right up to your limit.

Funding check

At 0.01% per 8 hours, the 144.6 USDT position pays about 0.014 USDT per settlement if long. On DOGE this is noise, but on a crowded squeeze the rate can climb, and a larger position pays more.

Quick FAQ

Q: Should the stop always go under the 24h low? A: Only if the low is the level that breaks your idea. The rule is "stop where the idea fails", then size.

Q: Does this work for majors? A: Yes. Run it on $BTC.USDT, $ETH.USDT, $SOL.USDT and $XRP.USDT; the coins change, the formula does not.

Q: What if the size comes out too small to bother? A: Then the stop is far and the trade is expensive in risk terms. Wait for a better entry rather than tightening the stop.

Q: Where do I start? A: Pull up $DOGE.USDT, mark the overnight low, and do steps 1 to 4 on paper before you click anything.