$ICP moves 1.5 percent an hour and most traders size it wrong
That hourly swing is your ATR and it is the exact key to survival
Take a thousand dollar account and risk only 1 percent of it which is ten dollars
Your stop needs to sit one ATR away which is about four cents under current price
Divide that ten dollar risk by the four cent stop distance
That gives you two hundred and fifty units of $ICP to trade safely
Never guess your size from a gut feeling because math keeps you alive
What size rule do you use on your losers
#ICP #TradingTips
That hourly swing is your ATR and it is the exact key to survival
Take a thousand dollar account and risk only 1 percent of it which is ten dollars
Your stop needs to sit one ATR away which is about four cents under current price
Divide that ten dollar risk by the four cent stop distance
That gives you two hundred and fifty units of $ICP to trade safely
Never guess your size from a gut feeling because math keeps you alive
What size rule do you use on your losers
#ICP #TradingTips