$OP moves 0.9 percent every single hour and traders still guess their size
You have a one thousand dollar account and want to risk ten dollars on a trade
The hourly ATR is 0.9 percent so your stop loss sits right there at that 0.9 percent distance from entry
Divide your ten dollar risk by that 0.9 percent move
That means your total position size should be eleven hundred dollars
If you put ten thousand dollars on $OP instead you lose your ten dollars the very first hour
Size your trades using the actual hourly range before you open them
What percent of your account do you risk on a normal day
#OP #TradingTips
You have a one thousand dollar account and want to risk ten dollars on a trade
The hourly ATR is 0.9 percent so your stop loss sits right there at that 0.9 percent distance from entry
Divide your ten dollar risk by that 0.9 percent move
That means your total position size should be eleven hundred dollars
If you put ten thousand dollars on $OP instead you lose your ten dollars the very first hour
Size your trades using the actual hourly range before you open them
What percent of your account do you risk on a normal day
#OP #TradingTips