$ICP moves 0.6 percent an hour. Most people size it like a stablecoin
Trade size is not about how much cash you want to put in. It is about where your stop goes and what you are willing to lose
Imagine your account is 1000 dollars and you want to risk 1 percent of that total. That is 10 dollars of risk
The 1h ATR on $ICP is 0.6 percent right now which sits at about 0.014 dollars away from the current 2.3840 price
If you put your stop one ATR away at 2.3700 you divide your 10 dollar risk by that 0.014 dollar distance
That math gives you a position of about 714 coins
If the price drops to 2.3730 which matches the recent swing low you lose your exact 10 dollars and nothing more
Figure out your risk dollar amount first before you touch any trade buttons
How do you usually set your stops on volatile moves
#ICP #TradingTips
Trade size is not about how much cash you want to put in. It is about where your stop goes and what you are willing to lose
Imagine your account is 1000 dollars and you want to risk 1 percent of that total. That is 10 dollars of risk
The 1h ATR on $ICP is 0.6 percent right now which sits at about 0.014 dollars away from the current 2.3840 price
If you put your stop one ATR away at 2.3700 you divide your 10 dollar risk by that 0.014 dollar distance
That math gives you a position of about 714 coins
If the price drops to 2.3730 which matches the recent swing low you lose your exact 10 dollars and nothing more
Figure out your risk dollar amount first before you touch any trade buttons
How do you usually set your stops on volatile moves
#ICP #TradingTips