$DODO moves 4.7 percent an hour and people still size it wrong
You cannot trade a high volatility asset like a coin moving 2.7 times its average volume the same way you trade a slow one
Let us run the math on a one thousand dollar account risking one percent which is ten dollars
The one hour ATR is 4.7 percent of the current price of 0.03376 dollars
If you put your stop one ATR away that means a move against you costs 4.7 percent of your position value
To lose only ten dollars total you divide ten by 0.047 which gives you a position size of 212 dollars
That keeps your risk tight even when volume spikes and 1h RSI hits 70 near the 24h high
Always size your position by the ATR distance to your stop not by how much you want to buy
Open $DODO and set an alert at that level
What is your exact stop loss rule on high volume days
#DODO #TradingTips
You cannot trade a high volatility asset like a coin moving 2.7 times its average volume the same way you trade a slow one
Let us run the math on a one thousand dollar account risking one percent which is ten dollars
The one hour ATR is 4.7 percent of the current price of 0.03376 dollars
If you put your stop one ATR away that means a move against you costs 4.7 percent of your position value
To lose only ten dollars total you divide ten by 0.047 which gives you a position size of 212 dollars
That keeps your risk tight even when volume spikes and 1h RSI hits 70 near the 24h high
Always size your position by the ATR distance to your stop not by how much you want to buy
Open $DODO and set an alert at that level
What is your exact stop loss rule on high volume days
#DODO #TradingTips