$WLD moves 1.2 percent an hour and most traders blow accounts by guessing size
You have a 1000 dollar account and want to risk 10 dollars which is 1 percent
The 1h ATR shows the normal hourly swing is 0.00378 dollars away from the current 0.31510 price
Divide your 10 dollar risk by that hourly swing size to find your position limit
That gives you about 2645 dollars total exposure to keep your risk correct
Stop guessing numbers on $WLD and let the actual volatility decide your trade size
What risk percentage do you use per trade
#WLD #TradingTips
You have a 1000 dollar account and want to risk 10 dollars which is 1 percent
The 1h ATR shows the normal hourly swing is 0.00378 dollars away from the current 0.31510 price
Divide your 10 dollar risk by that hourly swing size to find your position limit
That gives you about 2645 dollars total exposure to keep your risk correct
Stop guessing numbers on $WLD and let the actual volatility decide your trade size
What risk percentage do you use per trade
#WLD #TradingTips