$TAO moves 1.2 percent an hour and most traders blow up by ignoring it
You look at $TAO sitting right at 286.0000 after dropping 3.6 percent today
Say you have a 1000 dollar account and want to risk just 10 dollars on a trade
That 10 dollars is 1 percent of your total cash
The hourly swing or ATR on $TAO is 1.2 percent of the price right now
That means a normal hourly move takes price about 3.43 dollars away from you
Divide your 10 dollar risk by that 3.43 dollar move size
That gives you a position of about 2.91 tokens to keep your risk flat
Never guess your size based on how much you want to win
What position size do you use when the hourly chop gets heavy
#TAO #TradingTips
You look at $TAO sitting right at 286.0000 after dropping 3.6 percent today
Say you have a 1000 dollar account and want to risk just 10 dollars on a trade
That 10 dollars is 1 percent of your total cash
The hourly swing or ATR on $TAO is 1.2 percent of the price right now
That means a normal hourly move takes price about 3.43 dollars away from you
Divide your 10 dollar risk by that 3.43 dollar move size
That gives you a position of about 2.91 tokens to keep your risk flat
Never guess your size based on how much you want to win
What position size do you use when the hourly chop gets heavy
#TAO #TradingTips