$WLD moves 2.3 percent every single hour and people still size it blind
Most traders blow up because they guess the amount instead of doing the math
Take a $1000 account and risk only 10 dollars total
The 1h ATR on $WLD is 2.3 percent right now which equals about 0.012 dollars per share
Put your stop at that exact hourly swing distance
Divide your risk amount by the stop distance to get your exact size
Never skip this step no matter how good the green candle looks
What is your personal max risk rule per trade
#WLD #TradingTips
Most traders blow up because they guess the amount instead of doing the math
Take a $1000 account and risk only 10 dollars total
The 1h ATR on $WLD is 2.3 percent right now which equals about 0.012 dollars per share
Put your stop at that exact hourly swing distance
Divide your risk amount by the stop distance to get your exact size
Never skip this step no matter how good the green candle looks
What is your personal max risk rule per trade
#WLD #TradingTips