$WIF moves 0.7 percent an hour and people still guess their size
You are risking the same amount on a coin swinging wildly as a quiet asset
Let us look at a standard one thousand dollar account
Risking one percent means you can only lose ten dollars total
The hourly ATR is 0.7 percent of the price which sits at 0.21640 dollars
That means a stop placed one ATR away gives you your exact risk distance
Divide your ten dollar risk by that move size to find your actual share count
Most traders skip this math and just guess a random bag size instead
Always calculate your stop distance before you ever place the order
What math do you use when sizing your trades
Tap $WIF and check the hourly chart yourself
#WIF #TradingTips
You are risking the same amount on a coin swinging wildly as a quiet asset
Let us look at a standard one thousand dollar account
Risking one percent means you can only lose ten dollars total
The hourly ATR is 0.7 percent of the price which sits at 0.21640 dollars
That means a stop placed one ATR away gives you your exact risk distance
Divide your ten dollar risk by that move size to find your actual share count
Most traders skip this math and just guess a random bag size instead
Always calculate your stop distance before you ever place the order
What math do you use when sizing your trades
Tap $WIF and check the hourly chart yourself
#WIF #TradingTips