$STX moves 1.5% an hour. Most people size it like a stablecoin.
đ Your $1000 account canât risk $15 on a 1.5% stop.
Thatâs 1.5% of your account. not your position.
You want to lose only 1% of your account. Thatâs $10.
$10 divided by 1.5% of $0.32520 = $10 Ă· $0.00488 = 2049 $STX .
Thatâs your position size.
Stop at $0.32032. 1.5% below entry.
â Size your position so the stop distance costs 1% of your account.
Whatâs your rule for position sizing?
Binance data as of 23 Sep 10:20 UTC.
#STX #TradingTips
đ Your $1000 account canât risk $15 on a 1.5% stop.
Thatâs 1.5% of your account. not your position.
You want to lose only 1% of your account. Thatâs $10.
$10 divided by 1.5% of $0.32520 = $10 Ă· $0.00488 = 2049 $STX .
Thatâs your position size.
Stop at $0.32032. 1.5% below entry.
â Size your position so the stop distance costs 1% of your account.
Whatâs your rule for position sizing?
Binance data as of 23 Sep 10:20 UTC.
#STX #TradingTips